{"id":589998,"date":"2023-07-12T00:00:00","date_gmt":"2023-07-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/12\/export-subsidies-to-be-paid-out-today-apple-to-start-charging-14-vat-through-egypt-app-store\/"},"modified":"2023-07-12T00:00:00","modified_gmt":"2023-07-12T00:00:00","slug":"export-subsidies-to-be-paid-out-today-apple-to-start-charging-14-vat-through-egypt-app-store","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/12\/export-subsidies-to-be-paid-out-today-apple-to-start-charging-14-vat-through-egypt-app-store\/","title":{"rendered":"Export subsidies to be paid out today + Apple to start charging 14% VAT through Egypt App Store"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, wonderful people, and happy almost-THURSDAY. <\/span><span>There\u2019s no shortage of <\/span><span style=\"font-weight:400;\">news this morning after a Tuesday in which policymakers were firing on all cylinders. Let\u2019s dive straight in.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">It\u2019s a largely good-news day on the policy front<\/span><span style=\"font-weight:400;\">, with yesterday having seen<\/span><\/p>\n<ul>\n<li><span>A big update <\/span><span style=\"font-weight:400;\">from cabinet on the privatization program;<\/span><\/li>\n<li><span>positive <\/span><span style=\"font-weight:400;\">macro updates from the Finance Ministry on fiscal targets, <\/span><\/li>\n<li><span style=\"font-weight:400;\">a promise from Cabinet to expand the social-safety net, <\/span><\/li>\n<li><span style=\"font-weight:400;\">approval in the House of Representatives of bills aimed at improving the business climate. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">THE BIG STORY here at home this morning: The Madbouly cabinet\u2019s big privatization <\/span><span style=\"font-weight:700\">press<\/span><span style=\"font-weight:700\">er did not disappoint. <\/span><span>The government has already signed agreements worth <\/span><span style=\"font-weight:700\">USD 1.9 bn<\/span><span style=\"font-weight:400;\"> to sell state-owned assets, Prime Minister Moustafa Madbouly said at the press conference. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The state has sold stakes in three oil and petrochemicals firms, its hotels holding<\/span><span style=\"font-weight:700\"> company, and Ezz Dekheila Steel<\/span><span>. N<\/span><span>a<\/span><span>med buyers include Abu Dhabi sovereign wealth fund ADQ and Talaat Moustafa Group subsidiary Icon Investments. We have the full rundown \u2014 including details of further transactio<\/span><span style=\"font-weight:400;\">ns in the pipeline \u2014 in this morning\u2019s news well, below. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">And there\u2019s at least USD 1 bn more to come \u201csoon,\u201d the PM said<\/span><span style=\"font-weight:400;\">, with a deep pipeline to follow. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Overall: It\u2019s a good start<\/span><span style=\"font-weight:400;\">, and the keys now are to both pick up the pace and draw in big names. We\u2019re particularly interested in seeing larger transactions on major infrastructure projects by actors such as Actis (reportedly eying wind farms and conventional power plants here) and other \u201cbrand name\u201d global investors. Also important is to remember that while asset sales are important (representing, we hope, the state\u2019s retreat from key sectors of the economy), there is no substitute for an unrelenting focus on attracting durable FDI into businesses that are focused on exports. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO- MPs are now officially on summer vacation. <\/span><span style=\"font-weight:400;\">The House has recessed and will come back in session this fall. Still, not all MPs will be chilling in Sahel full-time: committee work will continue over the coming months, even if it is at a slightly more leisurely pace. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING TODAY- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt1\"><\/a> <\/span><span style=\"font-weight:700\">The Finance Ministry is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e6774a88-7edf-4c1c-b785-d13ddfd36bbc\" style=\"\">set to pay out<\/a><\/span><span style=\"font-weight:700\"> a first batch of export subsidies<\/span><span> under the sixth <\/span><span style=\"font-weight:400;\">phase of its subsidies program today and tomorrow. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">TOMORROW-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Regional Sudan peace summit: <\/span><span>Egypt is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5afe9d46-6175-4363-8c55-5f112df2be88\" style=\"\">hosting a meeting<\/a><\/span><span> of Sudan\u2019s neighbors to look int<\/span><span style=\"font-weight:400;\">o ways to put an end to the ongoing civil war in Sudan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THIS WEEK-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt2\"><\/a> <\/span><span style=\"font-weight:700\">OECD parties debate tax plan targeting multinationals:<\/span><span> Representatives from over <\/span><span>130 natio<\/span><span>ns are at the OECD\u2019s Paris headquarters for three days of talks to settle disagreements on a landmark tax plan targeting multinational companies, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/630464b0-c3c0-4f60-8a9e-c43cea54285b\" style=\"\">Financial Times<\/a><\/span><span style=\"font-weight:400;\">reports. Backers of the plan want to see the world\u2019s largest 100 companies \u2014 including tech giants Google, Facebook, and Amazon \u2014 pay taxes in countries where they make sales without having a physical presence. While the plan is backed by the world\u2019s biggest economies, it has been held back by delays and opposition from emerging markets.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The opposition: <\/span><span>Some developing countries, including India and Sri Lanka, worry th<\/span><span>at the <\/span><span style=\"font-weight:400;\">arrangement will discourage foreign direct investment \u2014 and favor richer countries where many global firms derive more of their sales. The plan also faces opposition in the US: any tax treaty changes require a two-thirds majority vote in the Senate, which is currently controlled by the Republicans, who oppose the measures.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SPEAKING OF TAXING MULTINATIONALS- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt3\"><\/a> <\/span><span style=\"font-weight:700\">Apple will start charging 14% VAT on apps and in-app purchases made in Egypt through <\/span><span style=\"font-weight:700\">the App Store<\/span><span> starting 25 July, it said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/developer.apple.com\/news\/?id=9o2nwe38\" style=\"\">news update<\/a><\/span><span>. The measure will apply to apps produced by developers whose \u201cbase storefont,\u201d Apple said, is not Egypt. It is also enforcing the measure in Turkey and Tanzania. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Following in Google\u2019s footsteps: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8f6e290-95a8-4f79-9869-ab8e36e51d8c\" style=\"\">Google<\/a><\/span><span> was the first international e-services provider to <\/span><span>comply with the Finance Ministry\u2019s regulatory amendments to the VAT Law first announced in March. The amendments subject non-resident service providers to VAT and mean that international streaming platforms such as Netflix, Disney Plus, OSN+, Amazon Prime, <\/span><span>Apple TV+<\/span><span> and Spotify, will soon start charging VAT on their subscription fees.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\"><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY ABROAD-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt4\"><\/a> <\/span><span style=\"font-weight:700\">The Nato summit in Vilnius is still dominating the global front pages <\/span><span>as it enters its <\/span><span>second day. Members of the defense alliance yesterday said Ukraine would be allowed to join when \u201cconditions are met \u201d \u2014 with many still insisting the country cannot join while the conflict with Russia continues. The bloc\u2019s refusal to lay down a timeline for Ukraine\u2019s entry drew frustration from Ukrainian President Volodymyr Zelensky, who is set to meet with Nato leaders today. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/europe\/zelenskiy-meet-nato-leaders-after-membership-timeline-rebuff-2023-07-11\/\" style=\"\">Reuters<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/297375a6-43d5-4c8e-8f5c-7b487f168901\" style=\"\">FT<\/a><\/span><span>| <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/bidens-reluctance-to-letting-ukraine-join-nato-tests-alliances-unity-4c850273?mod=hp_lead_pos2\" style=\"\">WSJ<\/a><\/span><span>| <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.washingtonpost.com\/world\/2023\/07\/11\/ukraine-nato-summit-2023-sweden\/\" style=\"\">WaPo<\/a><\/span><span>| <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-11\/nato-ukraine-deal-cements-presence-in-putin-s-backyard?srnd=premium-middle-east\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Dude, where\u2019s my recession? <\/span><span>Meanwhile, there\u2019s plenty of chatter in the US of A about the Recession That Never Was. US President Joe Biden is now <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cbsnews.com\/news\/biden-chicago-speech-bidenomics-2024-campaign\/\" style=\"\">aggressively campaigning for reelection<\/a><\/span><span> on his economic record, Goldman Sachs and JPMorgan Chase are <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.politico.com\/news\/2023\/07\/05\/wall-street-biden-economy-00104480\" style=\"\">stepping back from calls that a recession is imminent<\/a><\/span><span>, and the op-ed columnists are now weighing in (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nytimes.com\/2023\/07\/11\/opinion\/us-recession-yield-curve.html\" style=\"\">here<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nytimes.com\/2023\/07\/04\/opinion\/recession-data-inflation-musk.html\" style=\"\">here<\/a><\/span><span>).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">SETTING THE RECORD STRAIGHT- <\/span><span>We oversimplified in our description of the Court of Cassation as the nation\u2019s highest appeals court in our <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/611fd37b-557a-4eaa-acc0-d88bfaeecc8c\" style=\"\">Moves coverage earlier this week<\/a><\/span><span style=\"font-weight:400;\">. H\/t to reader Mohamed Talaat for reaching out: <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The Court of Cassation is the highest court in the land on both criminal and civil matters;<\/span><\/li>\n<li><span style=\"font-weight:400;\">The Supreme Administrative Court trumps all when it comes to matters of administrative law;<\/span><\/li>\n<li><span style=\"font-weight:400;\">And judgements of the Supreme Constitutional Court are binding on all other courts. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">CIRCLE YOUR CALENDARS-<\/span><span> The Enterprise Finance Forum is taking place on 18-19 <\/span><span style=\"font-weight:400;\">September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/finance.enterprise.news\/\" style=\"\">TAP OR CLICK HERE<\/a><\/span><span style=\"font-weight:400;\"> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Do you want to become a commercial partner?<\/span><span> Ping a note to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa Taalab, our head of commercial<\/a><\/span><span>, or fill out <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/finance.enterprise.news\/sponsor.html\" style=\"\">this form<\/a><\/span><span style=\"font-weight:400;\"> and we\u2019ll be in touch. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MEANWHILE- The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.egypthydrogen2023.com\/\" style=\"\">Hydrogen Egypt Summit<\/a><\/span><span style=\"font-weight:700\"> will take place on 13-14 September<\/span><span> at the Nile <\/span><span>Ritz Carlton. The event will bring together policymakers and business leaders from local and <\/span><span style=\"font-weight:400;\">international green hydrogen companies.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\">Check out our full calendar on the web<\/a><\/span><span style=\"font-weight:400;\"> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2020\/01\/Web-view-01.jpg\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/span><span style=\"font-weight:400;\"> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In today\u2019s issue: <\/span><span>As the PPP model for infrastructure models gains popularity, how is Egypt<\/span><span> comparing to the MENA region and beyond? A new report by the World Bank maps out the landscape of committed PPP investments globally and in the region, including a breakdown by sector and value. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax amendments require non-resident service providers like big tech firms to pay VAT<\/p>\n","protected":false},"author":1,"featured_media":589999,"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":[7204],"tags":[184,72,1701,69,7110,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-589998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-apple","tag-enterpriseam","tag-oecd","tag-tax","tag-vat","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"f9133a19-1afe-4994-9682-f7b32a11db46","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/7\/454.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Export subsidies to be paid out today + Apple to start charging 14% VAT on Egypt App Store purchases","related_issue":[589996],"teaser":"Tax amendments require non-resident service providers like big tech firms to pay VAT","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.419aaf5e-1779-4995-b2ca-55e3f59db04d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The big news this morning: Egypt\u2019s covid-19 vaccination campaign kicks off today targeting the most at-risk frontline healthcare workers \u2014 and we\u2019ll know more about the plan for a wider rollout later in the day as Health Minister Hala Zayed holds a presser this morning. It\u2019s early\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553969,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/this-morning-ads-are-now-subject-to-vat-but-not-the-stamp-tax-plus-fate-of-sugar-tax-still-unclear\/","url_meta":{"origin":589998,"position":1},"title":"THIS MORNING: Ads are now subject to VAT, but not the stamp tax. Plus: Fate of sugar tax still unclear.","author":"enterpriseam admin","date":"15 December 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to yet another busy December morning. We have a ton of news to get through today, so let\u2019s jump right in with a quick tax update from our elected representatives:The House of Representatives is going on a short recess until after Western Christmas, with\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":670896,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/27\/finmin-in-talks-with-contractors-to-implement-vat-amendments\/","url_meta":{"origin":589998,"position":2},"title":"FinMin in talks with contractors to implement VAT amendments","author":"enterpriseam admin","date":"27 August 2025","format":false,"excerpt":"Good afternoon, friends, and happy almost weekend. It\u2019s a busy afternoon in the global press, with Trump\u2019s trade war on India still in the spotlight. THE BIG STORY TODAY- The Finance Ministry has been meeting with contractors and real estate developers to finalize the executive regulations for the latest VAT\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2358.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":682466,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/21\/finmin-eyes-vat-reform-to-broaden-tax-base\/","url_meta":{"origin":589998,"position":3},"title":"FinMin eyes VAT reform to broaden tax base","author":"enterpriseam admin","date":"21 January 2026","format":false,"excerpt":"Good afternoon, friends. The news cycle shows no signs of winding down ahead of the weekend. A VAT revamp is in the works in our neck of the woods, US markets are tanking as Trump\u2019s Greenland grab rattles investors, and we meet the duo building AI-powered ticketing out of Egypt.THE\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651438,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/what-were-tracking-on-13-february-2017\/","url_meta":{"origin":589998,"position":4},"title":"What we\u2019re tracking on 13 February 2017","author":"enterpriseam admin","date":"13 February 2017","format":false,"excerpt":"Will we see the new cabinet lineup today? The House of Representatives will vote on the composition of the next Council of Ministers in plenary session tomorrow, MP Moustafa Bakry tells MBC Misr 2\u2019s Sabahak Masry. If MPs were to reject the lineup, Prime Minister Sherif Ismail would have the\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574041,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/cabinet-approves-in-principle-amendments-to-vat-tax-act-fees-for-university-examinations\/","url_meta":{"origin":589998,"position":5},"title":"Cabinet approves in principle amendments to VAT Tax Act, fees for university examinations","author":"enterpriseam admin","date":"27 August 2020","format":false,"excerpt":"CABINET WATCH- Could we finally be getting the VAT lottery? The Madbouly Cabinet gave a preliminary sign off on a package of incentives that they hope will encourage people and businesses to toe the line on tracking and paying VAT. The program \u2014 dubbed \u201cYour taxes are for you\u201d \u2014\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\/8\/221.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/589998","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=589998"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/589998\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/589996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/589999"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=589998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=589998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=589998"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=589998"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=589998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}