Economy Today:
The Ministry of Finance confirmed in a post on its official page on Facebook, that there will be no new taxes, and does not consider the adoption of any increases in tax rates, but will address tax evasion and the accumulation of "heavy" accumulations, especially the file of senior taxpayers.
The ministry's remarks came in the context of the government's decision to form an expanded inspection mission to investigate the causes of the tax accumulation and address it, and considered it an official determination to remedy the imbalance in the benefits of tax collection.
She added that the decision "establishes practical applications of the concept of tax justice commissioned and collectible, it is time to break the disparity in the standards of proportionality and proportionality in terms of tax benefit, if the employee pays according to these standards more than a tax evading businessman."
Finance confirmed the existence of a large and chronic imbalance in the relationship of taxpayers with the financial services, which led to the accumulation of large financial benefits, and the discrepancy between the number of business reported by the taxpayer and the size of the real figure, and thus the loss of tremendous benefit to the public treasury.
The ministry expected that the inspection of the inspection committee will achieve remarkable results, stressing that the financial departments are not considering approving any increases in the tax rates, "because the success in collecting the benefits will produce far more good results than any possible increases."
At the end of October 2019, Prime Minister Imad Khamis approved the formation of an inspection committee to discuss the causes of the unaccomplished tax accumulation for senior taxpayers in various governorates, and to address it and hold accountable the negligence of collecting state dues.
The inspection committee consists of the Ministry of Finance, the Central Organization for Supervision and Inspection and the Central Organization for Financial Supervision. It also decides to implement a plan of action to develop the work of the tax and finance directorates at the near, medium and strategic levels.
The Minister of Finance Mamoun Hamdan recently that many of the figures of financial verification and collection is not convincing, and does not equal the volume of economic activity, considering the decline in revenue in some financial departments an indicator of modest performance or the emergence of improper relations with taxpayers.
The Ministry of Finance announced a long time ago that it is working to amend the tax system, so that it relies on electronic solutions to control taxes accurately, and the inability to evade them.
