Ministry of Finance Decisions on Ta

The Egyptian Gazette recently published two decisions by the Ministry of Finance in relation to tax filing and registration. Dated 5 December 2018, the first Ministry of Finance decision amends the executive regulations of Value Added Tax (VAT) Law No. 67 of 2016, to the effect that taxpayers who are registered for VAT must submit their monthly VAT declaration electronically through the Egyptian Tax Authority’s electronic website,[1] starting January 2019. The second decision dated 15 December 2018 instructs the Egyptian Tax Authority to notify taxpayers to update their data through the Authority’s electronic website.[2] The decision addresses taxpayers under the Stamp Duty Law, the Income Tax Law, and the Value Added Tax Law. It mandates that the Tax Authority maintains the confidentiality of submitted data. In addition, the decision is to abolish the existing Tax File Number and replace it with a Tax Registration Number starting June 2019.   [1] Ministry of Finance Decision No. 695/2018 amending certain provision of Decision No. 66/2017 enacting the Executive Regulations of the Value Added Tax Law, Egyptian Gazette, Issue No. 274 (cont.) (b), 5 December 2018. [2] Ministry of Finance Decision No. 729/2018 on the updating of tax data and reliance on tax registration number, Egyptian Gazette, Issue No. 282 (cont.), 15 December 2018.