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Uber, Careem to pay 22.5% corporate tax; drivers to pay 3%
** #5 EXCLUSIVE- Uber, Careem to pay 22.5% corporate tax; drivers to pay 3%: Ride-hailing apps Uber and Careem have…
Taxation
Egypt SMEs to pay 1% VAT under proposed SMEs Act, FinMin has new definition of small business
** #3 EXCLUSIVE- Businesses with annual top lines of less than 500k would pay 1% VAT under proposed SMEs Act:…
Jumia execs to discuss e-commerce tax with ICT Ministry officials this week
Executives from online retailer Jumia are meeting with ICT Ministry officials this week to discuss the government’s new framework for…
Foreign embassies to be subject to reciprocal tax treatment on real estate tax
LEGISLATION WATCH- Foreign embassies to be subject to reciprocal tax treatment on real estate tax: When it comes to paying…
Madbouly gov’t at work on 2019-20 budget, sees GDP growing at 6% clip and oil at USD 80 / bbl
** #4 EXCLUSIVE- The Madbouly government has started work on the FY2019-20 budget, with various government departments tallying up their…
What we’re tracking on 29 October 2018
Know your rights: The EGX has put out a guide that pulls together all the rules and regulations protecting the…
Egypt Cabinet to receive Customs Act this week for review
** #4 EXCLUSIVE- LEGISLATION WATCH- The Madbouly Cabinet is expected to receive the final draft of the Customs Act this…
Egyptian gov’t studies raising stamp tax duties on insurance, construction, mining sectors
** #1 EXCLUSIVE- Gov’t studies raising stamp tax on select activities in insurance, construction, mining sectors: The government is studying…
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