Coll 15/4 'Internal Affairs: financial situation' [‎17r] (33/246)

7
♦
laid at the door of the State where the taxpayer has succeeded in securing a
lowering of the assessment. No mention is made of appeal from the court of first
instance.
34. Time may show that the three draft fiscal laws examined in the
preceding paragraphs require amendment or recasting at various points, and
their application will no doubt give rise to considerable difficulties in the early
A years, but the impression which I gather from a first perusal of these Bills
is, prima facie, one of congratulation for the Egyptian Government, who seem,
thanks to the capable and constructive leadership of Ismail Sidky Pasha An Ottoman title used after the names of certain provincial governors, high-ranking officials and military commanders. , to have
made a sound and commendable initial effort to create new sources of revenue
sufficient, one may hope, to meet increasing State expenditure. It is not hoped to
collect more than £E. 1 million from the new taxes this year, but it is expected
that next year they will produce £E. 4 million of additional revenue. These
estimates must necessarily be a matter of guess-work, and, if arrived at from
conservative premises, may prove to be considerably below the mark.
35. A copy of this despatch is being sent to the Governor-General of the
Sudan and to the Department of Overseas Trade.
I have, &c.
MILES W. LAMPSON.
Enclosure.
Index of the Draft Egyptian Laic setting up a Tax on Income Derived from
Property other than Realty.
Book I .—Tax on Income Derived from Property other than Realty.
Title I.—Movable property.
Chapter I. Taxable income (articles 1-5).
Chapter II. Rate of tax (article 6).
Chapter III. Determination of taxable income (article 7).
Chapter IV. Recovery of tax (articles 8-12).
Title II.—Debts, deposits and sureties.
Chapter I. Incidence and rate of tax (articles 13-14)
Chapter II. Determination of taxable quantum (articles lo-lb).
Chapter III. Recovery of tax (articles'!7-24).
Title III. Forfeiture to the State of unclaimed funds after prescription
(articles 25-26).
Book II—Tax on Commercial and Industrial Profits.
Chapter I. Taxable businesses (articles 27-34).
Chapter II. Rate of tax (article 35).
Chapter III. Taxable profits (articles 36-37).
Chapter IV. Exemptions (articles 38-39).
Chapter V. Determination of taxable pronts
Section I. Companies limited by shares (articles 40-46).
Spction II Companies other than companies limited by shaies,
and private persons (articles 47-55).
Section III. Provisions common to all businesses (articles 56-61).
Book III .—on Earned Income.
Title I—Salaries, wages, allowances and pensions.
Chapter I. Incidence of the tax (article 62).
Chapter II. Determination of taxable quantum
Chapter III. Rate of tax (article 64).
(article 63).