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Egypt’s Tax Authority agrees to EGP 2 bn settlement in Global Telecom dispute
EXCLUSIVE- Global Telecom could pay EGP 2 bn to end tax dispute: The Tax Authority is nearing an agreement with…
Executive regs for new tax treatment of banks, corporations out in Official Gazette
LEGISLATION WATCH- Banks now know how they’ll calculate the cost of investment in treasuries under changes to the tax code:…
Egypt pushes for better business environment
On the government’s mind today: Improving Egypt’s business environment. President Abdel Fattah El Sisi urged his government to make the…
Tax Authority to exempt exporters from cargo services VAT
EXCLUSIVE- Tax Authority exempts exporters from paying VAT on shipping services: The Tax Authority has issued a decree that will…
FinMin, Trade Ministry expand Egypt’s automotive incentives strategy to cover all industries
EXCLUSIVE- FinMin, Trade Ministry looking to expand automotive industry-style incentive strategy to other sectors: The finance, trade and industry ministers…
Government to collect VAT from download sites
EXCLUSIVE- Government to required download sites to charge and remit VAT: The Finance Ministry’s central value-added tax department is currently…
Facebook to charge 18% VAT on Egypt-based advertisers not registered for VAT
Facebook has announced that Egypt-based advertisers without a valid VAT identification number will be charged an increased 18% rate of…
FinMin studies setting a ceiling on Egypt’s healthcare tithe next year
EXCLUSIVE- FinMin studies setting a ceiling on healthcare tithe next year: The Finance Ministry is studying a proposal that would…
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