{"id":568517,"date":"2020-11-01T04:00:39","date_gmt":"2020-11-01T04:00:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/egypt-submits-ratification-of-anti-tax-avoidance-agreement-to-oecd\/"},"modified":"2020-11-01T04:00:39","modified_gmt":"2020-11-01T04:00:39","slug":"egypt-submits-ratification-of-anti-tax-avoidance-agreement-to-oecd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/egypt-submits-ratification-of-anti-tax-avoidance-agreement-to-oecd\/","title":{"rendered":"Egypt submits ratification of anti-tax avoidance agreement to OECD"},"content":{"rendered":"<p><strong>Egypt has submitted its ratification of an international agreement to crack down <\/strong><strong>on tax avoidance to the Organization for Economic Cooperation and Development, <\/strong>a Finance Ministry <a href=\"https:\/\/bit.ly\/2TG5odV\">statement<\/a> said on Saturday. <a href=\"https:\/\/www.oecd.org\/tax\/treaties\/multilateral-convention-to-implement-tax-treaty-related-measures-to-prevent-beps.htm\">The agreement<\/a> comes into effect in Egypt in January and helps to prevent companies from using loopholes in double taxation agreements to avoid tax. These treaties have cost the government tens of EGP bns, the ministry said. Egypt signed the agreement in June 2017 and submitted its initial ratification in September following parliamentary approval in the summer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt has submitted its ratification of an international agreement to crack down on tax avoidance to the Organization for Economic Cooperation and Development, a Finance Ministry statement said on Saturday. The agreement comes into effect in Egypt in January and helps to prevent companies from using loopholes in double taxation agreements to avoid tax. These [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,1701,6156,2380,69,773],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568517","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-oecd","tag-organization-for-economic-cooperation-and-development","tag-speed-round","tag-tax","tag-tax-avoidance","wpautop","entry"],"acf":{"mongo_id":"e8a024ff-cc46-4706-ab4d-7c471f8b10e7","is_powered_by":true,"section_story_id":"fd019ebf-b81c-424c-91ac-5c94376ca2e6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[568503],"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>Egypt submits ratification of anti-tax avoidance agreement to OECD - 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\/11\/01\/egypt-submits-ratification-of-anti-tax-avoidance-agreement-to-oecd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt submits ratification of anti-tax avoidance agreement to OECD\" \/>\n<meta property=\"og:description\" content=\"Egypt has submitted its ratification of an international agreement to crack down on tax avoidance to the Organization for Economic Cooperation and Development, a Finance Ministry statement said on Saturday. The agreement comes into effect in Egypt in January and helps to prevent companies from using loopholes in double taxation agreements to avoid tax. These [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/egypt-submits-ratification-of-anti-tax-avoidance-agreement-to-oecd\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-01T04:00:39+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/egypt-submits-ratification-of-anti-tax-avoidance-agreement-to-oecd\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/egypt-submits-ratification-of-anti-tax-avoidance-agreement-to-oecd\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt submits ratification of anti-tax avoidance agreement to OECD\",\"datePublished\":\"2020-11-01T04:00:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/egypt-submits-ratification-of-anti-tax-avoidance-agreement-to-oecd\/\"},\"wordCount\":95,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"OECD\",\"Organization for Economic Cooperation and Development\",\"SPEED ROUND\",\"tax\",\"tax avoidance\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/egypt-submits-ratification-of-anti-tax-avoidance-agreement-to-oecd\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/egypt-submits-ratification-of-anti-tax-avoidance-agreement-to-oecd\/\",\"name\":\"Egypt submits ratification of anti-tax avoidance agreement to OECD - 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The treaty\u2026","rel":"","context":"In &quot;Legislation + Policy&quot;","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626666,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/finmin-takes-next-step-in-taxing-e-commerce-social-media-ad-buys\/","url_meta":{"origin":568517,"position":1},"title":"FinMin takes next step in taxing e-commerce, social media ad buys","author":"enterpriseam admin","date":"9 July 2018","format":false,"excerpt":"EXCLUSIVE- FinMin takes next step in taxing online ad buys and e-commerce transactions: A Finance Ministry committee is looking into setting up a tax formula for ads on social media and e-commerce transactions, ministry sources tell Enterprise. The committee looking at Organisation for Economic Co-operation and Development (OECD) best practices\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":627007,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/egypts-banks-and-finance-ministry-closing-in-on-agreement-to-settle-stamp-tax-disputes\/","url_meta":{"origin":568517,"position":2},"title":"Egypt\u2019s banks and Finance Ministry closing in on agreement to settle stamp tax disputes","author":"enterpriseam admin","date":"17 July 2018","format":false,"excerpt":"EXCLUSIVE- Egypt\u2019s banks and Finance Ministry closing in on agreement to settle stamp tax disputes: The Finance Ministry and the Federation of Egyptian Banks (FEB) have agreed to settle outstanding issues concerning the stamp tax, Assistant to the Finance Minister Fathy Shaaban told Enterprise. 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