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Change in tax treatment of treasury holdings won’t take effect until measure passes Egypt’s House; expect more news today
Change in tax treatment of treasury holdings won’t take effect until measure passes the House; expect more news today: The…
Taxation
Egypt’s benchmark EGX30 extends losses to a fifth straight day
The EGX30 posted its fifth straight day of losses yesterday as shares struggled to recover from a 3.8% drop on…
FinMin, Federation of Egyptian Banks reach compromise on new accounting standards?
FinMin, Federation of Egyptian Banks working toward compromise on new accounting standards? The Finance Ministry and the Federation of Egyptian…
FinMin settles 65 tax disputes with QNB, EGP 100 mn repaid
The Finance Ministry has settled 65 tax disputes with QNB Al Ahli worth EGP 100 mn, which the bank has…
Egypt banks will see their taxes rise as a result of separately accounting for income from holdings of state debt
Banks will pay significantly more taxes under gov’t proposal that they account separately for their investments in state debt: The…
Gov’t looks to raise stamp tax on phone lines
EXCLUSIVE- Gov’t looks to raise stamp tax on phone lines: The Finance Ministry could raise the stamp tax on phone…
Gov’t working on a single card for citizens to receive social welfare benefits and subsidies
CABINET WATCH- “Meeza” debit card to encompass all government services: The government is working to expand its new “Meeza” state…
Gov’t to force banks to separately account for income from holdings of state debt
Banks will be required to separately account for their earnings on holdings of t-bills and gov’t bonds: The Madbouly Cabinet…
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