{"id":568019,"date":"2020-12-15T04:09:29","date_gmt":"2020-12-15T04:09:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/go-online-or-lose-your-export-subsidy\/"},"modified":"2020-12-15T04:09:29","modified_gmt":"2020-12-15T04:09:29","slug":"go-online-or-lose-your-export-subsidy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/go-online-or-lose-your-export-subsidy\/","title":{"rendered":"Go online or lose your export subsidy"},"content":{"rendered":"

<\/a> Looking to get export subsidies? Register on the Tax Authority\u2019s electronic <\/strong>invoicing system before <\/strong>July<\/strong>, Tax Authority boss Reda Abdel Kader said, according to Al Shorouk<\/a>. The move is in line with a recent cabinet decision<\/a> banning local authorities from entering into contracts with parties not registered on the system by the same deadline, Abdel Kader says. That decision applies to exporters as well, Abdel Kader said, since they are required to apply for tax discounts or communicate the subsidies they\u2019re owed through public authorities, including the Trade Ministry and tax and customs authorities. Exporters are eligible for monetary payouts and other tax incentives under the country\u2019s export support programs<\/a>.<\/p>\n

The first trial phase of the e-invoicing system was <\/strong>rolled out last month<\/a><\/strong> with 134 companies on board. The second phase will include an additional 340, and is expected to launch in February 2021<\/a>. All government affiliated bodies, meanwhile, were ordered to register as soon as possible. All B2B transactions, whether by private or public bodies, are also expected to be accounted for on the system by 30 June 2021, the ministry recently said. All tax-paying companies will be enrolled gradually until April 2023, Finance Minister Maait separately said<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Looking to get export subsidies? Register on the Tax Authority\u2019s electronic invoicing system before July, Tax Authority boss Reda Abdel Kader said, according to Al Shorouk. The move is in line with a recent cabinet decision banning local authorities from entering into contracts with parties not registered on the system by the same deadline, Abdel […]<\/p>\n","protected":false},"author":1,"featured_media":568020,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8614],"tags":[155,72,332,100,871,69,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-watch","tag-digitization","tag-enterpriseam","tag-export-subsidy-fund","tag-policy","tag-regulation-watch","tag-tax","tag-technology","wpautop","entry"],"acf":{"mongo_id":"ad946d9a-4e5c-411c-a04a-d05f23fa938a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/268.jpg","photo_position":"above","related_issue":[568008],"teaser":"","voice_url":""},"yoast_head":"\nGo online or lose your export subsidy - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/go-online-or-lose-your-export-subsidy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Go online or lose your export subsidy\" \/>\n<meta property=\"og:description\" content=\"Looking to get export subsidies? Register on the Tax Authority\u2019s electronic invoicing system before July, Tax Authority boss Reda Abdel Kader said, according to Al Shorouk. The move is in line with a recent cabinet decision banning local authorities from entering into contracts with parties not registered on the system by the same deadline, Abdel […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/go-online-or-lose-your-export-subsidy\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-15T04:09:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/268.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/go-online-or-lose-your-export-subsidy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/go-online-or-lose-your-export-subsidy\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Go online or lose your export subsidy\",\"datePublished\":\"2020-12-15T04:09:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/go-online-or-lose-your-export-subsidy\/\"},\"wordCount\":204,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/go-online-or-lose-your-export-subsidy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/268.jpg?fit=%2C&ssl=1\",\"keywords\":[\"digitization\",\"EnterpriseAM\",\"export subsidy fund\",\"policy\",\"regulation watch\",\"tax\",\"technology\"],\"articleSection\":[\"REGULATION WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/go-online-or-lose-your-export-subsidy\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/go-online-or-lose-your-export-subsidy\/\",\"name\":\"Go online or lose your export subsidy - 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The ministry received some 60 requests from companies looking to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595633,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/maait-taps-reda-abdel-kader-as-egypts-new-advisor-to-the-finance-minister-on-tax-evasion\/","url_meta":{"origin":568019,"position":1},"title":"Maait taps Reda Abdel Kader as Egypt\u2019s new advisor to the finance minister on tax evasion","author":"enterpriseam admin","date":"1 August 2019","format":false,"excerpt":"MOVES- Finance Minister Mohamed Maait has tapped Reda Abdel Kader as advisor to the finance minister on tax evasion, reports Al Mal. Abdel Kader will remain in his current executive position as the co-head of the Tax Authority until he reaches retirement age.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572741,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/07\/egypt-begins-reviewing-eligibility-criteria-for-export-subsidy-program\/","url_meta":{"origin":568019,"position":2},"title":"Egypt begins reviewing eligibility criteria for export subsidy program","author":"enterpriseam admin","date":"7 July 2020","format":false,"excerpt":"The Trade Ministry has started a review of its export subsidy program and could widen the list of goods eligible for state support, Hapi Journal reports, quoting unnamed exporters. The ministry is in talks with representatives from the building materials, construction, and chemicals and fertilizers industries to agree on which\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599223,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/egypt-to-dedicate-egp-6-bn-annually-in-the-budget-for-exports-subsidies\/","url_meta":{"origin":568019,"position":3},"title":"Egypt to dedicate EGP 6 bn annually in the budget for exports subsidies","author":"enterpriseam admin","date":"23 June 2019","format":false,"excerpt":"Government to dedicate EGP 6 bn per year to export subsidies: The government will set aside EGP 6 bn annually in its budget for export subsidies as of FY2019-2020, Vice Minister of Finance Ahmed Kouchouk said, according to a Trade and Industry Ministry statement. The new program will allow increasing\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573219,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/food-exporters-want-to-return-to-old-subsidies-framework\/","url_meta":{"origin":568019,"position":4},"title":"Food exporters want to return to old subsidies framework","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"Food exporters want a return to old subsidies framework, with a few minor tweaks: The Food Export Council has sent a request to the Trade Ministry asking for a return to an old export subsidies program that paid exporters part of the value of the goods they export, council head\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598551,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/28\/tax-settlement-specifics-under-egypts-new-export-program-to-be-announced-next-month\/","url_meta":{"origin":568019,"position":5},"title":"Tax settlement specifics under Egypt\u2019s new export program to be announced next month","author":"enterpriseam admin","date":"28 May 2019","format":false,"excerpt":"Some exporters will get tax breaks instead of cash payment of export subsidies. That\u2019s the key takeaway from a Trade Ministry statement (pdf) issued after a meeting between ministry officials and representatives of Egypt\u2019s export councils. 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