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What we’re tracking on 11 June 2020
Good morning, friends, and welcome to the end of the workweek at a time of year when we would normally…
FinMin allows consumer finance companies to deduct a larger portion of interest payments from their tax bills
REGULATION WATCH- FinMin allows consumer finance companies to deduct a larger portion of interest payments from their tax bills: Consumer…
Tax Authority pushes deadline for VAT back-taxes to release assets from seizure to September
The Tax Authority has pushed to September its deadline for companies to unlock assets by remitting overdue VAT, according to…
Amendments to the sovereign fund law are up for final parliamentary review and vote today
LEGISLATION WATCH- Sovereign fund law is up for plenary discussion in parliament today: Proposed amendments to the Sovereign Fund of…
FinMin is pushing for online customs payments
FinMin pushes online customs receipt submissions, payments: The Finance Ministry is looking to introduce electronic customs payments through state-owned e-Finance’s…
Egypt to waive 100% of late fees on taxes, state dues repaid in full before waiver bill comes into effect
LEGISLATION WATCH- Cabinet expands forgiveness of late fees on taxes: The Madbouly Cabinet will drop 100% of interest payments and…
Egypt to introduce 1% tax on all salaries to fund covid-19 fight
Cabinet plans 1% corona tax on all salaries, says measure would be in effect for one year starting 1 July…
AI says the best tax system puts heavier taxes on both the rich — and the poor
AI says the best tax system puts heavier taxes on both the rich — and the poor: The so-called AI…
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