{"id":568297,"date":"2020-12-24T04:06:56","date_gmt":"2020-12-24T04:06:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/tourism-companies-airlines-hotels-get-another-tax-debt-breather\/"},"modified":"2020-12-24T04:06:56","modified_gmt":"2020-12-24T04:06:56","slug":"tourism-companies-airlines-hotels-get-another-tax-debt-breather","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/tourism-companies-airlines-hotels-get-another-tax-debt-breather\/","title":{"rendered":"Tourism companies, airlines, hotels get another tax + debt breather"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>SMART POLICY- Airlines, hotels, and other tourism establishments are getting another breather on debt, <\/strong><strong>taxes, and utility payments<\/strong> after the Madbouly Cabinet <a href=\"https:\/\/tinyurl.com\/ycg9qfax\">approved yesterday<\/a> extending a payment holiday introduced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa672b5a-733e-4c75-a157-f99e6628b23c\">in April<\/a>. According to the decision, these businesses will be entirely exempt from paying real estate taxes for the period between 1 January 2021 and 30 April 2021. The government will also allow these businesses to restructure utility debts (including water, gas, electricity, and docking fees for boat hotels) over a 36-month period. The debt, tax, and utilities payment holiday was originally set to expire in October before <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79389986-fc55-488f-9e42-54db7e1e63af\">being extended<\/a> until the end of 2020 as the pandemic continued to batter the tourism industry.<\/p>\n<p><strong>Hotels will also have until 31 December, 2021 to turn around their business<\/strong> before being put into administration, the statement said without providing further details.<\/p>\n<p><strong>All Egyptian companies will soon pay equal fees when applying for licenses to <\/strong><strong>work on projects abroad<\/strong>, according to legislative amendments approved yesterday in <a href=\"https:\/\/tinyurl.com\/ycg9qfax\">cabinet\u2019s weekly meeting<\/a>. Authorities had previously collected lower fees from companies registered as contractors and looking to authenticate their prior experience and financial standing. Now, companies and contractors alike will pay a fee equivalent to 0.5% of annual revenues, which will be capped at EGP 100k, cabinet said.<\/p>\n<p><strong>Also approved during the weekly cabinet meeting: <\/strong><\/p>\n<ul>\n<li>A request from the General Authority for Investment to <strong>postpone a planned 15% increase in usufruct fees paid by investors in freezones;<\/strong><\/li>\n<li><strong>Permission to display Egyptian antiquities in expos in the US, London and Paris<\/strong> between November 2021 and January 2025; and<\/li>\n<li><strong>Presidential pardons for several convicted <\/strong><strong>individuals<\/strong> set to take effect on 25 January, on occasion of the January Revolution and Police Day.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>SMART POLICY- Airlines, hotels, and other tourism establishments are getting another breather on debt, taxes, and utility payments after the Madbouly Cabinet approved yesterday extending a payment holiday introduced in April. According to the decision, these businesses will be entirely exempt from paying real estate taxes for the period between 1 January 2021 and 30 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":568298,"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":[7306],"tags":[687,504,282,130,72,103,125,180],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-ancient-egypt","tag-archaeology","tag-cabinet-watch","tag-construction","tag-enterpriseam","tag-fdi","tag-investment-watch","tag-legislation","wpautop","entry"],"acf":{"mongo_id":"9252128b-6304-467b-bcfd-345881f212e7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/419.jpg","photo_position":"above","related_issue":[568282],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tourism companies, airlines, hotels get another tax + debt breather - 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\/24\/tourism-companies-airlines-hotels-get-another-tax-debt-breather\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tourism companies, airlines, hotels get another tax + debt breather\" \/>\n<meta property=\"og:description\" content=\"SMART POLICY- Airlines, hotels, and other tourism establishments are getting another breather on debt, taxes, and utility payments after the Madbouly Cabinet approved yesterday extending a payment holiday introduced in April. According to the decision, these businesses will be entirely exempt from paying real estate taxes for the period between 1 January 2021 and 30 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/tourism-companies-airlines-hotels-get-another-tax-debt-breather\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-24T04:06:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/419.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\/24\/tourism-companies-airlines-hotels-get-another-tax-debt-breather\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/tourism-companies-airlines-hotels-get-another-tax-debt-breather\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Tourism companies, airlines, hotels get another tax + debt breather\",\"datePublished\":\"2020-12-24T04:06:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/tourism-companies-airlines-hotels-get-another-tax-debt-breather\/\"},\"wordCount\":279,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/tourism-companies-airlines-hotels-get-another-tax-debt-breather\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/419.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Ancient Egypt\",\"archaeology\",\"cabinet watch\",\"construction\",\"EnterpriseAM\",\"FDI\",\"investment watch\",\"legislation\"],\"articleSection\":[\"Cabinet watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/tourism-companies-airlines-hotels-get-another-tax-debt-breather\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/tourism-companies-airlines-hotels-get-another-tax-debt-breather\/\",\"name\":\"Tourism companies, airlines, hotels get another tax + debt breather - 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Payments will resume from October. Other decisions from Wednesday\u2019s meeting: Unifying the format of contracts for the public and private sectors, with clear clauses for\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":570593,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/businesses-are-getting-a-breather-with-two-month-extension-on-the-deadline-to-pay-income-taxes\/","url_meta":{"origin":568297,"position":1},"title":"Businesses are getting a breather with two-month extension on the deadline to pay income taxes","author":"enterpriseam admin","date":"7 April 2020","format":false,"excerpt":"Businesses are getting a breather with a two-month extension on the deadline to pay income taxes under a decree issued by President Abdel Fattah El Sisi yesterday that extends the final deadline for payment to 30 June. The decree will allow businesses to pay in three installments, Ittihadiya said in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/58.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561188,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/more-covid-help-for-tourism-airlines\/","url_meta":{"origin":568297,"position":2},"title":"More covid help for tourism, airlines","author":"enterpriseam admin","date":"29 March 2021","format":false,"excerpt":"Tourism companies, hotels and private airlines are up for another six-month holiday on their debt, tax, and utilities holiday until this October. Cabinet\u2019s Tourism and Antiquities Committee signed off on the proposal ahead of taking it to the Council of Ministers for a final decision, according to a statement yesterday.\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557747,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/30\/cutting-red-tape-for-hotels-tourism-outfits\/","url_meta":{"origin":568297,"position":3},"title":"Cutting red tape for hotels, tourism outfits","author":"enterpriseam admin","date":"30 September 2021","format":false,"excerpt":"Licensing rules for hotels and tourism companies may soon be simplified after the cabinet approved a draft law that it says will \u201cimprove the business climate and enhance competitiveness\u201d of the tourism sector. The statement didn\u2019t provide further details on the bill.ALSO: Teenagers as young as 16 years old could\u2026","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/420.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562713,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/tourism-sector-just-got-a-five-month-breather-from-the-corona-tax\/","url_meta":{"origin":568297,"position":4},"title":"Tourism sector just got a five-month breather from the corona tax","author":"enterpriseam admin","date":"3 June 2021","format":false,"excerpt":"Corona tax freeze for tourism companies: Companies in the struggling tourism sector are being given some breathing room after the government agreed to postpone payment of the 1% tax on salaries introduced last year to shore up government finances through the pandemic. Tourism companies will not have to pay the\u2026","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/49.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573877,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/pandemic-or-not-tourism-may-be-staging-a-comeback-can-it-last\/","url_meta":{"origin":568297,"position":5},"title":"Pandemic or not, tourism may be staging a comeback. Can it last?","author":"enterpriseam admin","date":"23 August 2020","format":false,"excerpt":"We\u2019re seeing indications that tourism may be staging a comeback despite the ongoing pandemic and the acceleration of covid numbers across much of Western Europe. First up, Dutch airline KLM will make a return to Cairo, with two weekly flights from 9 September to 25 October, according to a company\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=568297"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568297\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/568282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/568298"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=568297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=568297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=568297"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=568297"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=568297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}