Within national efforts to protect public funds, address attempts to jeopardize the national economy, and combat all forms of tax evasion that violate the principle of tax justice and negatively impact the national resources, the Administrative Control Authority (ACA) managed to uncover four tax evasion cases in several Egyptian governorates.

ACA investigations revealed that the executives of four companies concealed the true volume of their operations, amounting to approximately 764 million Egyptian Pounds, by submitting fraudulent documents to evade paying the accrued income tax and value-added tax.
 
The necessary legal procedures were taken against the defendants in coordination with the relevant authorities. They were referred to the Public Prosecution, which conducted investigations, substantiated the charges against them, and referred them to the competent courts. The courts issued deterrent sentences of aggravated imprisonment for periods ranging from one to five years. They were also obliged by the court to pay the accrued outstanding taxes in addition to the prescribed fines.

ACA urges all those engaged in commercial activities to abide by the provisions of the law and regulations and to exercise national responsibility in a manner that contributes to supporting Egypt’s comprehensive development efforts.

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