The state plan to support sectors affected by the consequences of the Corona virus
In light of the economic and social conditions that the country is going through from the effects of the Corona virus on the Egyptian economy, and within the framework of efforts Made by the Egyptian government under the guidance of President Abdel Fattah El-Sisi, a package of economic decisions has been issued Taken by the Egyptian government to support sectors affected by the consequences of the emerging Corona virus, including, Concerning income procedures: the tax on income has been allowed to be paid to registrants in the affected sectors for a period not exceeding 3 months without In exchange for a delay or additional tax, provided that the income procedures are submitted no later than June 30, and payment is made for three months without delay. As the economic decisions also included facilitating the affected sectors with regard to tax returns, the deadlines for submitting a And the payment of tax returns for a period not exceeding three months, for registrants or funders in these sectors without any entitlement Late fines or additional taxes, and the payment of the tax due on three installments, the first installment and the amount of one third of the tax due Until the end of April, and the second third until the end of May, while the remaining third until the end of June. Also, the government has taken into consideration that among the affected sectors also the social insurance sector was one of the most important Decisions related to this sector are to postpone the payment of dues from social insurance contributions for a period not exceeding three months, provided that This postponement is without the calculation of additional amounts for the affected sectors. All of this came within the framework of the state’s keenness to reduce the damage caused by the Corona virus to various sectors of the social and economic state.