{"id":575873,"date":"2020-11-02T03:55:41","date_gmt":"2020-11-02T03:55:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval\/"},"modified":"2020-11-02T03:55:41","modified_gmt":"2020-11-02T03:55:41","slug":"unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval\/","title":{"rendered":"Unified Tax Act amendments, teacher salary hikes receive final House approval"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>LEGISLAT<\/strong><strong>ION WATCH- House passes tax code amendments that impose tough penalties on late filers<\/strong><strong>: <\/strong>The House of Representatives has passed amendments to the Unified Tax Act that impose harsher penalties for late tax filing, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=01112020&id=de657a27-cb86-4b78-a742-c79a04f13965\">Al Shorouk<\/a> reports. In a busy day before sending the House into recess until mid-December, House Speaker Ali Abdel Aal rushed through the legislation for a final vote just hours <a href=\"https:\/\/bit.ly\/37Z66eL\">after sending it to the Magles El Dawla<\/a> following the House Planning Committee\u2019s sign-off on Friday. The changes impose fines of EGP 50k to EGP 2 mn on those who fail to submit their returns within 60 days of the deadline, while repeat offenders <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c5447f62-9958-43e3-a3b2-6a94a79d6e0f\">could also face jail time<\/a> ranging between six months and three years.<\/p>\n<p><strong>A pay rise for public sector teachers:<\/strong> The House gave final approval to plans to raise the salaries of public sector teachers, cabinet said in <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1766802883498069\">a statement<\/a>. From January, teachers will receive an extra EGP 390-630 each month after the teacher allowance and performance-related incentives are hiked by 50%, and the exam bonus is raised by 25%. The law received cabinet approval <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d6d60eff-09c2-4ecb-9233-b9e9ec78484d\">last month<\/a>.<\/p>\n<p>Also from yesterday\u2019s session:<\/p>\n<ul>\n<li><strong>The natgas sector will be allowed into freezones:<\/strong> <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=01112020&id=c517bc68-2336-43b2-b6f4-7a0a9c4088c2\">Final approval was given<\/a> to an amendment to the Investment Law that allows natural gas-intensive industries to apply for licenses to operate in freezones. Projects involving the refining, liquefaction and transportation of natural gas, as well as the production of fertilizers were banned from freezones under the 2017 law.<\/li>\n<li><strong>SCZone ro-ro station:<\/strong> A draft law allowing the establishment of a roll-on roll-off station in the Suez Canal Economic Zone\u2019s East Port Said Port <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=01112020&id=f81084dc-2788-4fb4-8b2c-1276ec019a2c\">got the green light<\/a>. A consortium of international companies involving Bollor\u00e9, Toyota and NYK will work on the project.<\/li>\n<li><strong>Legislative provisions to keep terrorists away from civil service jobs: <\/strong>The House Legislative Committee <a href=\"https:\/\/bit.ly\/3ejppRc\">greenlit amendments<\/a> to a 1972 law that aim to prevent individuals affiliated to extremist groups from working for the state.<\/li>\n<li><strong>State of emergency:<\/strong> <a href=\"https:\/\/bit.ly\/2GgQurp\">Parliament approved<\/a> extending the state of emergency for another three months as of 26 October.<\/li>\n<\/ul>\n<p><strong>Parliament also approved <\/strong><strong>10 international agreements<\/strong> including a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f64967d7-bf35-47b2-91b8-7406a64624b6\">USD 630 mn facility from<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f64967d7-bf35-47b2-91b8-7406a64624b6\">the Arab Monetary Fund<\/a> to fund government reforms and a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3df53b14-66bf-40c7-8c2a-2e2962e4e4f0\">EUR 225 mn loan from the African Development Bank<\/a> to finance electricity infrastructure upgrades. See <a href=\"https:\/\/alborsaanews.com\/2020\/11\/01\/1395210\">here<\/a> and <a href=\"https:\/\/bit.ly\/3edzdMu\">here<\/a> for more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- House passes tax code amendments that impose tough penalties on late filers: The House of Representatives has passed amendments to the Unified Tax Act that impose harsher penalties for late tax filing, Al Shorouk reports. In a busy day before sending the House into recess until mid-December, House Speaker Ali Abdel Aal rushed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":575874,"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":[1376,617,73,3193,72,274,7111,180,2380,416,69,447,3665],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-african-development-bank","tag-arab-monetary-fund","tag-education","tag-emergency-act","tag-enterpriseam","tag-house-of-representatives","tag-infrastructure","tag-legislation","tag-speed-round","tag-suez-canal-economic-zone","tag-tax","tag-terrorism","tag-unified-tax-act","wpautop","entry"],"acf":{"mongo_id":"f97d5fb7-1379-4b42-83d5-262b1e6c60fb","is_powered_by":true,"section_story_id":"0cbefd3a-3339-4c5b-9526-d20e55229721","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/11\/32.jpg","photo_position":"above","related_issue":[575858],"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>Unified Tax Act amendments, teacher salary hikes receive final House approval - 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\/02\/unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unified Tax Act amendments, teacher salary hikes receive final House approval\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- House passes tax code amendments that impose tough penalties on late filers: The House of Representatives has passed amendments to the Unified Tax Act that impose harsher penalties for late tax filing, Al Shorouk reports. In a busy day before sending the House into recess until mid-December, House Speaker Ali Abdel Aal rushed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-02T03:55:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/32.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Unified Tax Act amendments, teacher salary hikes receive final House approval\",\"datePublished\":\"2020-11-02T03:55:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval\/\"},\"wordCount\":388,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/32.jpg?fit=%2C&ssl=1\",\"keywords\":[\"African Development Bank\",\"Arab Monetary Fund\",\"Education\",\"Emergency Act\",\"EnterpriseAM\",\"House of Representatives\",\"infrastructure\",\"legislation\",\"SPEED ROUND\",\"Suez Canal Economic Zone\",\"tax\",\"terrorism\",\"Unified Tax Act\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/unified-tax-act-amendments-teacher-salary-hikes-receive-final-house-approval\/\",\"name\":\"Unified Tax Act amendments, teacher salary hikes receive final House approval - 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The amendments, proposed\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":604678,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/house-happy-with-competition-act-amendments-votes-to-extend-real-estate-tax-collection-period\/","url_meta":{"origin":575873,"position":2},"title":"House happy with Competition Act amendments, votes to extend real estate tax collection period","author":"enterpriseam admin","date":"10 December 2018","format":false,"excerpt":"LEGISLATION WATCH- House gives preliminary nod to Supply Affairs Law, Competition Act amendments: The House of Representatives\u2019 general assembly have preliminary approval to proposed amendments to the Supply Affairs Law and the Egyptian Competition Act, but postponed its final vote due to lack of quorum, Al Ahram reports. The amendments\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":621904,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/govt-to-send-real-estate-tax-act-amendments-to-house-in-december\/","url_meta":{"origin":575873,"position":3},"title":"Gov\u2019t to send Real Estate Tax Act amendments to House in December","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Gov\u2019t to send Real Estate Tax Act back to House in December: The Madbouly Cabinet has pledged to send amendments to the Real Estate Tax Act back to the House of Representatives for review in December, said Rep. Yasser Omar. The House had overhauled government-proposed amendments and drafted\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":630895,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/05\/house-of-representatives-approves-railway-act-amendments\/","url_meta":{"origin":575873,"position":4},"title":"House of Representatives approves Railway Act amendments","author":"enterpriseam admin","date":"5 March 2018","format":false,"excerpt":"LEGISLATION WATCH- Parliament approves private sector participation in railway sector development: The House of Representatives approved yesterday amendments to the Railway Act that would allow private sector participation in developing, managing, and operating railway projects, Ahram Gate reports. Under the law, private companies will be required to compete in public\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":625896,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/parliaments-housing-committee-drafts-new-pseudonymous-real-estate-tax-law\/","url_meta":{"origin":575873,"position":5},"title":"Parliament\u2019s Housing Committee drafts new, pseudonymous real estate tax law","author":"enterpriseam admin","date":"26 August 2018","format":false,"excerpt":"LEGISLATION WATCH- Parliament\u2019s Housing Committee drafts a new real estate tax law: The House of Representatives\u2019 Housing Committee has drafted new legislation on taxing real estate to replace the existing law under an alias: The Returns Act. The legislation would impose taxes on real estate based on size and location\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\/575873","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=575873"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575873\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/575874"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575873"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575873"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}