ETA Head Met with Singapore's Ambassador to Egypt
As part of ongoing efforts to enhance international cooperation and stimulate the investment environment, ETA Head, Prof. Rasha Abd El-Aal, held a meeting with Singapore’s Ambassador to Egypt, Mr. Dominic Goh, to strengthen the relations between the Arab Republic of Egypt and Singapore.
The Aim of That Meeting
That meeting held between ETA Head and Singapore’s Ambassador to Egypt aimed at intensifying communication with the foreign business community and investment circles, whether Egyptian or foreign investors, as they are considered major partners in supporting the investment wheel, especially in light of the current economic challenges.
Who Attended That Meeting?
That meeting, which took place between ETA Head and Singapore’s Ambassador to Egypt, was attended by many ETA officials, including:
- Saeed Fouad, Advisor to ETA Head.
- Maha Ali, Head of the Media Unit at the Office of ETA Head.
- Afaf Ibrahim, Assistant to ETA Head.
The Points of Discussions in that Meeting
During the meeting held between ETA Head and Singapore’s Ambassador to Egypt, Prof. Rasha Abd El-Aal stated that the Ministry of Finance and the Egyptian Tax Authority are keen to reassure investors in Singapore, whether current investors or those who wish to carry out new investment activities in Egypt and stressed that all problems and challenges that may arise in regards to investment in Egypt will be resolved, in light of the desire to push the economy sectors to achieve a high growth rate.
She added that the Investors’ Support Unit at the Egyptian Tax Authority is responsible for resolving all obstacles and problems facing investors in light of economic challenges to support the stability of current investments and attract new investments.
ETA Head stressed that the Egyptian Tax Authority is prepared to provide all means of support and overcome all challenges facing investors while using automated systems, such as the new tax business system, the electronic invoice system, and the electronic receipt system, through support teams from the Egyptian Tax Authority and The Ministry of Finance providing help to all investors to advance investment, which reflects the two countries’ commitment to enhancing the investment environment and providing more opportunities for investors.
Speech of Singapore’s Ambassador to Egypt
Mr. Dominic Goh, Singapore’s Ambassador to Egypt, expressed his appreciation for the development happening in the Egyptian Tax Authority and invited Prof. Rasha Abd El-Aal, ETA Head, to visit the Singapore Embassy with the Head of the Customs Authority to overcome any current challenges or obstacles and send messages of reassurance to investors wishing to pump more investments into Egypt.
He added that Singapore appreciates the effective role played by the Egyptian Tax Authority in supporting the investments of 10 Singaporean companies operating in Egypt, with a total investment of $441.9 million.
He then expressed his desire to amend the double taxation avoidance agreement with the Egyptian Tax Authority, which is currently in effect, and then renegotiate these amendments. Then, he thanked the permanent support provided to the Singapore Embassy by facilitating and accelerating the procedures for refunding the value-added tax.
In this article, we have shown everything you need to know about the meeting held between ETA Head, Prof. Rasha Abd El-Aal, and Singapore’s Ambassador to Egypt, Mr. Dominic Goh, to strengthen the relations between the Arab Republic of Egypt and Singapore. For more information about this article, click here or here.
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