31 tax evasion cases, valued at $14 m detected in 1 day: MoI
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CAIRO: A total of 31 tax evasion cases valued at 103 million EGP ($14 million) were tracked on Friday, Interior Ministry said in a statement.

The commercial and business-related tax evasion cases were detected in Egypt’s 27 governorates, the ministry’s General Directorate of Taxes Investigation said, adding that legal actions have been taken separately for each incident.

According to the statement, 4 cases of customs evasions were caught by the taxes investigation directorate, with total sales reached 8.2 million EGP. The smuggled products include foreign-manufactured goods, clothes, electronics and cars.

According to the Finance Ministry statement in February, Egypt’s tax revenues do not exceed 15% of the country’s GDP.

Interim President Adly Mansour issued in December 2013 a new law permitting reconciliation in the current disputes between taxpayers and the government.

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