Today, Sunday, the period for the application of the third and final grace period for the Law of Overstaying the Late Payment and the Additional Tax at the rate of 50% expires.
Reda Abdel Qader, head of the tax authority, said that this comes within the framework of the continuation of the initiatives provided by the Ministry of Finance and the Tax Authority to support economic activity and reduce burdens on the shoulders of financiers, as the tax authorities at the level of the Republic continue to receive requests from financiers wishing to benefit from the benefits of Law No. (173) for the year 2020 concerning the deduction of the consideration for the delay and the additional tax, provided that the original tax or fees due are fully paid.
The Authority Chairman called on the taxpayers and registrars to pay the tax due in order to benefit from the benefits of Law No. (173) of 2020, as (50%) will be waived if the original tax or due fees are fully paid until 2/12/2021, confirming that the integrated call center The tax authority receives all inquiries on the hotline.
“Abdel-Qader” explained that in order to benefit from this law and bypassing the delay fee, additional tax, interest and similar non-criminal financial penalties, conditions must be met, the most important of which is that the fee or tax related to the delay fee or additional tax, interest and similar non-criminal financial penalties enjoyed by the taxpayer Or the registrant or taxpayer is due or obligated to pay – as the case may be – before 8/17/2020, as well as for the taxpayer, registrant or taxpayer to pay the entire principal tax debt.
The article The end of the deadline for exceeding 50% of the tax delay fee today was written in Al-Borsa newspaper.