Egypt agrees to set 0.25% healthcare tithe for tourism companies on commission earned

Gov’t agrees to set 0.25% healthcare tithe for tourism companies on commission earned: The government has agreed to calculate the 0.25% healthcare tithe for companies in the tourism industry based on the commission these companies earn on certain products and services such as airline tickets, rather than overall revenues, Al Shorouk reports.

Background: There’s plenty of lobbying happening here, folks. A government official had told us last week that the ministry is considering making the levy on all companies a fraction of net profit, not revenue. The state’s EGP 600 bn health insurance plan mandated under the Universal Healthcare Act will be rolled out incrementally throughout Egypt over the course of 11-13 years, but the Finance Ministry is expected to start levying a designated tax to fund the scheme during the current fiscal year.