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Amoco Egypt Tax Returns, Payments, Receipts
Amoco Egypt has filed annual income tax returns with the ETD
from 1964 through 1992. For the period 1964 through June 30,
1975, Amoco Egypt paid its income taxes directly to the ETD.
For the period July 1, 1975, through December 31, 1992, EGPC
paid Amoco Egypt's Egyptian income taxes in Egyptian pounds to
the ETD. The ETD issued official receipts reflecting the income
tax payments made by EGPC in the name of and on behalf of Amoco
Egypt. The ETD typically delivered the receipts to EGPC, which
in turn delivered them to Amoco Egypt. EGPC's payments of Amoco
Egypt's income taxes were posted by ETD in its Amoco Egypt tax
file (No. 440/4). None of EGPC's tax payments on behalf of Amoco
Egypt for Amoco Egypt's 1979 to 1982 tax years were posted to
EGPC's tax file (No. 440/6).
Amoco Egypt's annual tax returns were audited by the
Petroleum Section of the Department of Tax on Joint Stock
Companies within the ETD.
Amoco Egypt dealt directly with the ETD in connection with
the department audits of its Egyptian income tax returns and
disputes arising out of those audits.
EGPC's Tax Treatment of Amoco Egypt's Taxes
EGPC is required by law to file annual income tax returns.
EGPC was a calendar year taxpayer for years ending before
January 1, 1980. Thereafter, EGPC became a June 30 fiscal year
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Last modified: May 25, 2011