{"id":575793,"date":"2020-10-27T04:03:13","date_gmt":"2020-10-27T04:03:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/27\/legislation-watch-house-to-approved-smes-act-regs-egypt-to-set-up-national-council-for-healthcare\/"},"modified":"2020-10-27T04:03:13","modified_gmt":"2020-10-27T04:03:13","slug":"legislation-watch-house-to-approved-smes-act-regs-egypt-to-set-up-national-council-for-healthcare","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/27\/legislation-watch-house-to-approved-smes-act-regs-egypt-to-set-up-national-council-for-healthcare\/","title":{"rendered":"Legislation watch: House to approved SMEs Act regs, Egypt to set up national council for healthcare"},"content":{"rendered":"

LEGISLATION WATCH-<\/strong> The executive regulations of the SMEs Act should get the<\/strong> House of Representatives\u2019 final approval at the end of November<\/strong>, Trade Minister Nevine Gamea said, according to Al Shorouk<\/a>. The recently-ratified<\/a> law includes tax and non-tax incentives to support SMEs to join the formal economy. Those include tax discounts at a rate of 1% of the total growth in sales a single SME manages to achieve in a given year, Gamea said yesterday. Once out, the regs will help bring the parallel, informal economy into the light to contribute to formal GDP growth, Finance Minister Mohamed Maait said last week<\/a>.<\/p>\n

In other legislation news, a planned bill to set up a new body to draw up a nationwide health strategy <\/strong>was the topic of discussion in a meeting yesterday between senior officials including Prime Minister Moustafa Madbouly and Health Minister Hala Zayed, according to a cabinet statement<\/a>. The so-called national council, which will report directly to the president, will coordinate with all parties related to the healthcare sector, including the ministry, hospitals, law enforcement, and the private sector, the statement said without going into details.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- The executive regulations of the SMEs Act should get the House of Representatives\u2019 final approval at the end of November, Trade Minister Nevine Gamea said, according to Al Shorouk. The recently-ratified law includes tax and non-tax incentives to support SMEs to join the formal economy. Those include tax discounts at a rate of […]<\/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":[7097,72,7115,180,6149,100,1348,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575793","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-development","tag-enterpriseam","tag-healthcare","tag-legislation","tag-parallel-economy","tag-policy","tag-smes-act","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c0c21990-d892-4270-b707-bb130b558bf2","is_powered_by":true,"section_story_id":"2407ffcd-5885-4f96-bc5b-4cc4033caa08","story_type":"1","photo_url":"","photo_position":"above","related_issue":[575781],"teaser":"","voice_url":""},"yoast_head":"\nLegislation watch: House to approved SMEs Act regs, Egypt to set up national council for healthcare - 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\/10\/27\/legislation-watch-house-to-approved-smes-act-regs-egypt-to-set-up-national-council-for-healthcare\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legislation watch: House to approved SMEs Act regs, Egypt to set up national council for healthcare\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- The executive regulations of the SMEs Act should get the House of Representatives\u2019 final approval at the end of November, Trade Minister Nevine Gamea said, according to Al Shorouk. 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The SMEs Act was ratified last July and offers small\u2026","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594777,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/egyptian-smes-act-to-include-tax-and-non-tax-incentives-says-finmin\/","url_meta":{"origin":575793,"position":2},"title":"Egyptian SMEs Act to include tax and non-tax incentives, says FinMin","author":"enterpriseam admin","date":"8 September 2019","format":false,"excerpt":"LEGISLATION WATCH- The SMEs Act will include tax and non-tax incentives to support the sector and encourage small businesses to go legit, the Finance Ministry said in a statement (pdf). If passed, the incentives would include exemptions from the stamp tax as well as the fees to register contracts 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":590689,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/31\/house-committee-to-wrap-up-egypts-new-smes-act-in-march\/","url_meta":{"origin":575793,"position":3},"title":"House committee to wrap up Egypt\u2019s new SMEs Act in March","author":"enterpriseam admin","date":"31 December 2019","format":false,"excerpt":"LEGISLATION WATCH- SMEs Act up for final vote in March 2020: The House of Representatives\u2019 SMEs committee is expected to wrap up its discussion of the proposed SMEs Act sometime in March 2020, committee deputy chair Hala Abou El Saad said. 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