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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…
House committee curbs EGX stamp tax cut for resident investors
LEGISLATION WATCH- House committee curbs EGX stamp tax cut for resident investors: The House Planning and Budgeting Committee yesterday approved…
What we’re tracking on 13 May 2020
It’s a reasonably quiet news morning after the packed issues of the past few days. Not too many sleeps left…
Cabinet discusses measures to unblock EGP 65 bn assets frozen for back taxes
Low-cost stimulus: Cabinet discusses measures to unlock EGP 65 bn of assets frozen in tax disputes. Businesses may only have…
Egypt has deployed just EGP 40 bn of funding from the EGP 100 bn stimulus and bailout funding, Maait says
The government has deployed just EGP 40 bn of the EGP 100 bn earmarked by the government to protect the…
Egypt in the News on 7 May 2020
Leading the conversation in the foreign press this morning: Satirical filmmaker Shady Habash died in Tora Prison from alcohol poisoning…
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