{"id":578480,"date":"2023-01-02T02:51:41","date_gmt":"2023-01-02T02:51:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/new-real-estate-registry-competition-law-and-tax-amendments-are-now-in-effect\/"},"modified":"2023-01-02T02:51:41","modified_gmt":"2023-01-02T02:51:41","slug":"new-real-estate-registry-competition-law-and-tax-amendments-are-now-in-effect","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/new-real-estate-registry-competition-law-and-tax-amendments-are-now-in-effect\/","title":{"rendered":"New real estate registry, competition law, and tax amendments are now in effect"},"content":{"rendered":"

<\/a> El Sisi signs into law real estate registry, competition, and tax law amendments:<\/strong> President Abdel Fattah El Sisi has ratified a number of legislative amendments recently passed by the House of Representatives, according to a decree published in the Official Gazette.<\/p>\n

#1- <\/strong>Amendments<\/a><\/strong> to the Real Estate Registry Act <\/strong>that streamline the real estate registration process by reducing paperwork, digitizing some of the procedures, and putting a time ceiling on the entire process.<\/p>\n

#2- <\/strong>Competition Act amendments<\/a><\/strong> that grant the Egyptian Competition Authority (ECA) the power to block M&As that it thinks could harm market competition and promote monopolistic practices.<\/p>\n

#3- The <\/strong>controversial amendment<\/a><\/strong> to the <\/strong>Unified Tax Procedures Act<\/a><\/strong> that allows foreign tax authorities to access individuals and businesses\u2019 financial information.<\/p>\n","protected":false},"excerpt":{"rendered":"

El Sisi signs into law real estate registry, competition, and tax law amendments: President Abdel Fattah El Sisi has ratified a number of legislative amendments recently passed by the House of Representatives, according to a decree published in the Official Gazette. #1- Amendments to the Real Estate Registry Act that streamline the real estate registration […]<\/p>\n","protected":false},"author":1,"featured_media":578481,"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":[7344],"tags":[96,7400,72,187,713,69,6460],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-abdel-fattah-el-sisi","tag-competition-act","tag-enterpriseam","tag-legislation-watch","tag-real-estate-registry-act","tag-tax","tag-unified-tax-procedures-act","wpautop","entry"],"acf":{"mongo_id":"abbe2949-7a40-4100-af86-404bba382e98","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/8.jpg","photo_position":"above","related_issue":[578466],"teaser":"","voice_url":""},"yoast_head":"\nNew real estate registry, competition law, and tax amendments are now in effect - 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The two-year freeze is meant to allow time for public consultations on the legislation and the introduction of an alternative to the\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\/2021\/3\/60.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543392,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/31\/is-it-about-to-get-easier-to-register-your-home\/","url_meta":{"origin":578480,"position":2},"title":"Is it about to get easier to register your home?","author":"enterpriseam admin","date":"31 January 2022","format":false,"excerpt":"Another step toward simpler property registration rules: The House of Representatives\u2019 Legislative Committee yesterday gave the nod to amendments to the Real Estate Registry Act, Al Mal reports. The amendments aim to streamline registry procedures by significantly reducing the number of required documents, digitizing parts of the procedure, and putting\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\/2022\/1\/540.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560545,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/","url_meta":{"origin":578480,"position":3},"title":"House signs off on suspending Real Estate Registry Act","author":"enterpriseam admin","date":"3 March 2021","format":false,"excerpt":"It\u2019s official: Amendments to the Real Estate Registry Act will be suspended until 30 June 2023 after the House of Representatives\u2019 general assembly signed off yesterday on the suspension, according to a newsreel from the House (watch, runtime: 10:57). The House Legislative Committee had approved the decision earlier in the\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\/2021\/3\/79.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543632,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/10\/selling-your-house-could-soon-become-cheaper\/","url_meta":{"origin":578480,"position":4},"title":"Selling your house could soon become cheaper","author":"enterpriseam admin","date":"10 February 2022","format":false,"excerpt":"Another potential boon for homeowners: The House of Representatives\u2019 Planning and Budget Committee yesterday greenlit amendments to the Income Tax Act that would overhaul the property disposal tax to reduce selling costs for home owners, according to Al Mal. 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