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What we’re tracking on 12 January 2021
Happy hump day, everyone. It’s the first day of the brand new parliament today — and the first order of…
Five companies prosecuted for not joining unified tax platform
Five unnamed companies are being prosecuted for missing the deadline to sign up for the government’s new unified tax platform,…
Our latest IMF report card is out, unlocking USD 1.67 bn
The IMF has bumped its growth outlook for Egypt in FY2020-2021 to 2.8%, up from its 2% forecast in June.…
Sign up for e-invoicing system — or else
The Finance Ministry is instituting a zero-tolerance policy on all large taxpayers that do not join the e-invoicing system by…
One step closer to being Euroclearable
The new central clearing and depository company that will handle all the clearing and registry of government debt issuances earned…
Egypt misses revenue targets thanks to pandemic, but expenses are down, too
Egypt recorded a budget deficit of EGP 462 bn — or 7.9% of GDP — in FY2019-2020, according to Finance…
Fresh eurobonds aren’t in the cards yet -Maait
The Finance Ministry doesn’t have any immediate plans to take a USD 7 bn eurobond sale to market in 1H2021,…
FinMin, industry groups to set up “working groups” to improve tax policy
The newly-passed Customs Act could be in for changes after Finance Minister Mohamed Maait agreed to conduct a broader review…
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