Now we shall refer to the Egyptian taxation system through which the house works:
And cause of our keen on our client's benefit we are pleased to introduce our seven years of experience & other services offered by the financial expert house to our dear clients & that cause we always reach the best results.
The tax-on-income system was originated in the Arab Republic of Egypt (are) upon issuing the code no.14 for the year 1939. In 1949, the law no. 99/1949 was issued; overnice drastic changes occurred which had economical & social reflections on the society, & which ended up with nationalizing most of the establishments practicing economical activities
At the same time, some views called for switching to the unified tax system, following the example of the economically developed countries, Accordingly, the society suffered from a lot of oppression in tax treatment; since what is suitable for the developed countries, Moreover, the management of economical activities poured into the hands of a group of officers, most of them lacked the personal motive to achieve professional success & were promoted to the top of administrative hierarchy as an editable result of job graduation & not necessarily based on their qualifications or administrative capabilities. Consequently the people had to withstand the results of administrative failure. In order to curb that deterioration, the government had to issue the law no.187 for the year 1993 ; whereby the accounting offices had a major role to play.
But with the continually clash between the tax payer & tax station which result in a low ability for the tax station to collect its tax in its due time the law no. 91 for the year 2005 was originated to cancel the law no.157 for the year 1981 by introducing some advantages which ascertain some credibility like making the highest tax category is 20% instead of 40% & other advantages while there is some conservations, & that helps crystallizing the role of accounting offices & its services offered including but not limited to the following:
-Attend the inspections undertaken by the taxation department.
-Attend the subcommittees held at department premises.
-Writing down legal briefings including different legal issues.
-Attend the challenge committees & understand the points of department objection.
Furthermore, the accounting offices apply the sales tax & all the laws & legislation's governing it & all complementary procedures, starting on 1991. Since the taxing treatment of that tax is different from the unified tax, the house took the steps necessary for realizing the principle of taxation justice upon which the Egyptian taxing system is based, periodic following up of the establishments & making sure they submit their tax statement on legal schedules.
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