Inventory valuation Inventory valuation is a method that shows how much profit a business generate over a certain period of time. Inventory valuation is one of the most important and necessary steps in inventory management, and it shows the total cost of the current inventory. Inventory valuation is the total amount spent on purchasing and […]
Annual inventory instructions It is forbidden to buy or sell during the inventory, as shops and warehouses are closed until the inventory is over. The number of the last supply and the last invoice shall be written, and this shall be noted in the record of the inventory process. The items are arranged and […]
Reda Abdel Qader, Assistant Minister of Finance for Tax Authority Affairs: Nearly 14 million receipts have been sent to the electronic receipt system so far. The electronic delivery system aims to contribute to the integration of the informal economy into the formal economy. Mokhtar Tawfik, head of the Egyptian Tax Authority: Holding several workshops […]
Importers may add electronic sub-accounts to their customs agents at “Nafeza” e-portal. Continuous coordination is maintained with all bodies to ensure optimal implementation of “Advance Cargo Information” (ACI) system Starting from October 1st, 2021, entry of any inbound cargo shall be banned at seaports, except through ACI system. Issuance of records for importers, exporters or […]
-This inclusion confirms the confidence of the foreign investment community of Egypt’s improved fundaments and that Egypt is being put on the international radar as an investment destination. -Today Egypt’s weight in the index is around 1.85% representing 14 Egyptian Bonds with a total value of around USD 26 billion. -Egypt today […]
Dr Maait also declared the following: A new confidence certificate is given to the Egyptian Economy to assure continuity of financial and economic policies’ success adopted by the government Moody’s has negatively downgraded the credit ratings for more than 50% of the MENA region’s countries Improvement of indicators and continuity of reforms helped to make […]
Dr Maait also declared the following: 3000 beneficiaries received their new vehicles. The State’s Public Treasury incurred EGP 73.3 million in value of the Green Incentive. 17,000 new vehicles are planned to be given to beneficiaries during August 2021. Government seeks to facilitate measures and to instantly settle any problems to expand the initiative’s base […]
Health sector’s allocations for FY 2021/2022 hit EGP 275.6 billion, exceeding its constitutional entitlement ratio MoF is fully prepared for any additional appropriations during the Budget’s actual execution EGP 3 billion is secured to purchase vaccines since the offering for contracting until now to immunize citizens against Covid-19 The Government is continuously stimulating the economic […]
Importers may add electronic sub-accounts to their customs agents at “Nafeza” e-portal. Continuous coordination is maintained with all bodies to ensure optimal implementation of “Advance Cargo Information” (ACI) system Starting from October 1st, 2021, entry of any inbound cargo shall be banned at seaports, except through ACI system. Issuance of records for importers, exporters or […]
Instant assessment of public revenues and expenditures contributed to containing repercussions of COVID 19. Government to expand “tech solutions” to ensure sustainability of the updating process of the automated financial systems. MoF aims to enhance efficiency of public spending, control financial performance and promote governance at the State administrative entities. Accomplishing the automation procedures of […]