The Egyptian government is moving to impose tax on ads on social networking sites

الحكومة المصرية تتجه لفرض ضرائب على إعلانات مواقع التواصل الاجتماعيThe Egyptian government is moving to impose tax on ads on social networking sites

Said the head of the Egyptian tax authority it is currently setup to the legislation of the draft law of electronic commerce and taxes on advertising social networking sites, with their different, pointing out that these projects under study, consultations and debate and receive suggestions from the community tax to get a better picture of him the introduction of that system to tax accounting, expected to be issued the new tax law on advertising social networking sites, through the year 2019.

He added, quoted by the site the previous day the bank“, the goal of receiving proposals on the draft law of e-commerce and advertising on social networking sites, working on access to the best photo of her, and keep pace with international practices in this regard, as the Ministry of Finance is currently working on the completion of the draft law on imposition of tax on declarations “Google” and”Facebook” and”Instagram” and the various electronic Museum of the Egyptian market by a specialist team from the IRS.

He drew the head of the IRS, that the new law, which includes the application of international best practices in business tax announcements “Google” and”Facebook” and”Instagram” and the various electronic Museum of the Egyptian market, where you study on the transactions within the Arab Republic of Egypt through social networks, stressing that the study, which currently includes two tracks, the first by restraining the dealings of cross-platform e-commerce taxation, the second special ad platforms, social networks, tribunals or foreign companies, which bring ads from the Egyptian market, Explaining that the immunity available to such taxes, being examined now by the officials of the IRS, noting the importance of increasing the efficiency of tax collection you’re working on the offline state, through an integrated system to develop the Egyptian Tax Authority, where it has been achieved as a outcome of the tax is 105% of the target in the first half of the current fiscal year.

  • Press sources

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