Finance Ministry Amends Natural Gas Consumption Stamp Taxes On Industrial Firms

Egypt’s Ministry of finance amended a number of provisions in the stamp tax law to oblige industrial firms to pay stamp taxes for their natural gas consumption directly to the tax authorities during the last ten days in the next month after consumption.

The ministerial decree requires natural gas companies to notify companies and tax offices of the consumption and monthly taxes.

Egypt’s Tax authority head Mostafa Abdel-Kader  said that the decree aims at helping gas companies that faces obstacles in collecting consumption value from industrial companies on a regular basis and therefore unable to pay consumption tax which caused a dispute between the petroleum authority and the tax authority.

Source : arab finance