Podcast
Questions and Answers
What does the Egyptian Tax on Individual Income (TOII) apply to?
What does the Egyptian Tax on Individual Income (TOII) apply to?
- Building tax
- Real estate wealth revenues
- Commercial and industrial profits
- Wages, salaries, dividends, and interest (correct)
Which characteristic best describes the Tax on Individual Income (TOII)?
Which characteristic best describes the Tax on Individual Income (TOII)?
- It is a tax applied to total net revenues from commercial or industrial activity
- It is a tax specifically levied on real estate wealth revenues
- It is a direct tax that cannot be shifted from one taxpayer to another (correct)
- It is a tax imposed only on building tax
What does the element of income derived from sources in Egypt consist of for the Tax on Individual Income (TOII)?
What does the element of income derived from sources in Egypt consist of for the Tax on Individual Income (TOII)?
- Tax on juridical persons profits, salaries & the like, and building tax
- Movable wealth, non-commercial revenues, and building tax
- Commercial & industrial profits, real estate wealth revenues, and TOII
- Salaries & the like, commercial or industrial activity, non-commercial activity, and real estate wealth (correct)
What type of income does the Tax on Individual Income (TOII) measure according to the text?
What type of income does the Tax on Individual Income (TOII) measure according to the text?
What kind of tax is the Tax on Individual Income (TOII) based on the Egyptian legislator's approach?
What kind of tax is the Tax on Individual Income (TOII) based on the Egyptian legislator's approach?
What is the tax imposed on the total net income of resident individuals for income earned in Egypt, as well as the income earned outside Egypt for resident individuals whose center of C&I activities or professional activities is in Egypt?
What is the tax imposed on the total net income of resident individuals for income earned in Egypt, as well as the income earned outside Egypt for resident individuals whose center of C&I activities or professional activities is in Egypt?
In which cases could the taxpayer be required to calculate due tax for a period less than twelve months?
In which cases could the taxpayer be required to calculate due tax for a period less than twelve months?
Under what condition is the taxpayer exempted from submitting the tax return?
Under what condition is the taxpayer exempted from submitting the tax return?
What determines the cases in which the due tax could be calculated for a period of less or more than 12 months?
What determines the cases in which the due tax could be calculated for a period of less or more than 12 months?
What characteristic of the tax relates to the concept of tax equity where the burden of the tax is distributed to all taxpayers according to their abilities to pay?
What characteristic of the tax relates to the concept of tax equity where the burden of the tax is distributed to all taxpayers according to their abilities to pay?
