Official: Tax arrears reach LE600 billion

Tax arrears reached LE600 billion, according to Real Estate Tax Authority Mostafa Abdel Qader. TV contest commercials now have to pay 60 percent in taxes, while regular commercials will pay 20 percent.
During a discussion in Monufiya on Saturday, Abdel Qader said the authority is considering new strategies to resolve tax disputes with a reconciliation committee. It also wants to reduce litigation periods in tax lawsuits in order to get an amount of the disputed tax arrears.
He added that the ministry created a system to attract funders in collaboration with governmental authorities to serve the national economy.
Edited translation from Al-Masry Al-Youm

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