CAIRO: The General Directorate of Taxes Investigations announced it has tracked and identified 20 commercial and business-related tax evasion cases Thursday.
The value of transactions in the cases is estimated at 60 million EGP ($7.8 million,) according to an official statement issued by the Interior Ministry on its official page. Legal actions have been taken separately for each case.
Six cases of customs evasions were caught by the directorate; the smuggled products include foreign-manufactured goods and car spare parts.
According to the Finance Ministry statement in February, Egypt’s tax revenues do not exceed 15% of the country’s GDP.
In December 2013, former President Adly Mansour has issued a new law permitting reconciliation in disputes between taxpayers and the government.