New Decree for E-collection of Government Dues including Tax and Customs
The Minister of Finance has issued Decree No. 269 of 2018 promulgating the electronic payment and collection system of all government dues including taxes and customs dues (the "Decree").
The Decree states that all Government’s dues including taxes and customs dues (the "Dues") exceeding the amount of 100,000 EGP shall be paid by any means of the electronic payment. Any lesser amounts could be paid by checks. Any cash payments are prohibited for amounts exceeding 5,000 EGP. As of January 2019, all Dues, whatever their value, shall be paid electronically.
In case of non-compliance with the abovementioned provisions, a charge representing 10% of the payable amount and not exceeding 10,000 EGP shall apply. This charge represents the administrative fees relating to cash management.
The Ministry of Finance is currently organising training courses and workshops for its representatives to apply the electronic payment and collection system.