Preparation Of Income Tax Return
Taxation Services
A tax return or income tax return is a statement in which the income tax holder acknowledges the amount of taxable income and tax payable in accordance with the forms submitted by the Egyptian Tax Authority .
Companies subject to income tax must file a general income tax return and pay the tax due to the Egyptian Tax Authority on the electronic system allocated to it within four months of the end of the legal person’s financial period and three months in the case of natural persons Tax-exempt companies are also obliged to file a general income tax return .
The fine for the delay in filing a tax return is between LE 3,000 and LE 2,000, in accordance with the Uniform Tax Procedure Act No. 206 of 2020.The penalty may be doubled if the delay is repeated or not submitted .
Financial and legal consequences for costing companies if they fail to comply with regulations even if the non-compliance is not intentional ; All companies are exposed to these risks This is an additional reason to look for a specialized company such as “JBA & partner” with tax experience Our experienced professionals work closely with all customers to provide prompt and reliable results without compromising the quality of service
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Advisory Service Areas
What We Are Expert At
Financial Services
JBA & Partners extends advanced and comprehensive scope of financial services engaging dynamic teams specialized to execute various engagements relating to Audit, Agreed upon Procedures, accounting, Financial Policies and Procedures, and IFRS reporting.
Advisory Services
Our advisory experts who have extensive international and local experience from various sectors and industries are dedicated in providing proactive insights towards resolving client issues, recognizing project opportunities and actualizing business ideas.
Transaction Services
JBA & Partners assist in successful implementation of business transaction processes with the fundamental goal to safeguard clients' returns and gains on their deals concerning mergers, acquisitions, due diligence, deal advisory and transaction execution.
Liquidation & Insolvency Services
Our firm's liquidation and insolvency practice engages licensed insolvency practitioners who are more than capable in delivering timely, clear and practical assistance.