The development of the IRS to create an attractive environment for investments and expand the base of financiers
The political leadership quickly decided to complete the development of the state's revenue interests before June 2020. The government is implementing these mandates. The IRS is developing and restructuring the IRS as it contributes more than 75% of the country's total revenues.
The development of the interest includes several axes, most notably the legislative system, which recently witnessed the completion of the draft unified tax procedures, including the bill of electronic bill, as well as the issuance of the law of exemption from delay penalties at different rates when paying the principal of the debt, which enabled us to resolve many tax disputes.
The unified regulatory structure of the IRS is currently being finalized for the development of the completion of many of the functions assigned to the Authority, as well as the development of infrastructure and improvement of the working environment of the IRS staff, and the unified tax structure must be coherent and integrated and meet business aspirations.
And attention to the development of the human element is very important in the development plans, which is the basis for the success of the application of any new system is not complete without it and therefore is the focus on this axis in all its components of improving the physical situation associated with improved performance and linking the incentive to increase and improve the work and pay distinct to senior positions and leadership with focus The transfer of skill and training, increase experience and improve performance and increase the number of tax officers and collectors of different missions.
The new budget also focuses on the training of workers, where funds were allocated to finance the training programs for the workers, as well as cooperation with international institutions to provide technical support and rehabilitation of employees of the Ministry of Finance and its affiliated interests, especially taxes, commensurate with the technological development.
The IRS's performance has become better than in previous periods. Serious and effective steps have been taken to enact laws and draft new laws aimed at improving the interest and facilitation of financiers. The development plans for the interest are a key part of the state's efforts to create a working environment capable of attracting investments and improving the climate. Doing business in order to expand the base of taxpayers and thus increase tax revenues.
For his part, Abdul Azim Hussein, head of the Tax Authority, said that the development plan of the Tax Authority includes five main axes, which are working concurrently, re-engineering and developing procedures and legislation, raising the efficiency of the human element, improving the working environment and expanding the use of technology and mechanization. Which harms one of the workers and will not affect negatively on the performance of workers aim to raise the Egyptian tax authority to be similar to tax interests in developed countries.
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