{"id":594706,"date":"2019-09-04T03:56:24","date_gmt":"2019-09-04T03:56:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cairo-chamber-of-commerce-to-suggest-changes-to-vat-income-tax-laws\/"},"modified":"2019-09-04T03:56:24","modified_gmt":"2019-09-04T03:56:24","slug":"cairo-chamber-of-commerce-to-suggest-changes-to-vat-income-tax-laws","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cairo-chamber-of-commerce-to-suggest-changes-to-vat-income-tax-laws\/","title":{"rendered":"Cairo Chamber of Commerce to suggest changes to VAT, income tax laws"},"content":{"rendered":"<p>The Cairo Chamber of Commerce held yesterday a meeting to discuss suggestions it is looking to hand over to the government on proposed amendments to the VAT Tax Act and the planned new Income Tax Act, <a href=\"https:\/\/almalnews.com\/%D8%BA%D8%B1%D9%81%D8%A9-%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9-%D8%AA%D9%86%D8%A7%D9%82%D8%B4-%D9%85%D9%82%D8%AA%D8%B1%D8%AD%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1-%D8%B9\/\">Al Mal reports<\/a>. Heads of the chamber\u2019s divisions are looking at proposals that would involve the government raising taxable income to EGP 24k a year and a proposal to calculate VAT on goods at the first stage of production. The Federation of Egyptian Industries (FEI) is also <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/25\/federation-of-egyptian-industries-members-weigh-in-on-income-tax-vat-amendments\/\">separately working<\/a> on suggestions to the drafts. The government <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/30\/egypt-working-on-new-income-tax-vat-laws-maait\/\">announced plans<\/a> to amend the VAT Act and draft a new income tax law last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cairo Chamber of Commerce held yesterday a meeting to discuss suggestions it is looking to hand over to the government on proposed amendments to the VAT Tax Act and the planned new Income Tax Act, Al Mal reports. Heads of the chamber\u2019s divisions are looking at proposals that would involve the government raising taxable [&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":[9344],"tags":[72,180,2375,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594706","post","type-post","status-publish","format-standard","hentry","category-legislation-policy","tag-enterpriseam","tag-legislation","tag-legislation-policy","tag-tax","wpautop","entry"],"acf":{"mongo_id":"1a660124-747e-4054-affe-2d0ca88ed9c6","is_powered_by":true,"section_story_id":"c40c0fc1-8dd5-4f5d-a268-abf403960d7e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[594680],"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>Cairo Chamber of Commerce to suggest changes to VAT, income tax laws - 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\/2019\/09\/04\/cairo-chamber-of-commerce-to-suggest-changes-to-vat-income-tax-laws\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cairo Chamber of Commerce to suggest changes to VAT, income tax laws\" \/>\n<meta property=\"og:description\" content=\"The Cairo Chamber of Commerce held yesterday a meeting to discuss suggestions it is looking to hand over to the government on proposed amendments to the VAT Tax Act and the planned new Income Tax Act, Al Mal reports. 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The government announced plans to amend the VAT Act and draft a new income\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":624476,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/10\/social-media-ad-tax-study-to-be-complete-this-month\/","url_meta":{"origin":594706,"position":2},"title":"Social media ad tax study to be complete this month","author":"enterpriseam admin","date":"10 September 2018","format":false,"excerpt":"**#4 EXCLUSIVE- FinMin to complete study on taxing social media ads this month: The Finance Ministry is set to complete a study on how to tax social media advertising this month, a ministry source told Enterprise. The taxation framework will likely include provisions demanding that ad agencies and social media\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":622917,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/16\/online-retailers-now-have-to-charge-and-remit-vat\/","url_meta":{"origin":594706,"position":3},"title":"Online retailers now have to charge and remit VAT","author":"enterpriseam admin","date":"16 October 2018","format":false,"excerpt":"** #4 EXCLUSIVE- Online retailers now have to charge and remit VAT: The Finance Ministry has notified e-commerce platforms, including Souq, Jumia, and OLX, that they will be required to begin charging value-added tax (VAT) on all transactions in goods that would be subject to VAT if sold offline, government\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":601698,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/committee-finishes-small-enterprises-tax-draft-law\/","url_meta":{"origin":594706,"position":4},"title":"Committee finishes small enterprises tax draft law","author":"enterpriseam admin","date":"7 March 2019","format":false,"excerpt":"EXCLUSIVE- VAT minimum registration requirements to be amended as an incentive to SMEs: The government is set to amend the minimum revenue required to register for VAT to spare SMEs from the burden of paying a VAT, a government official told Enterprise yesterday. The government plans to raise the minimum\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":605135,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/cabinet-to-sign-off-on-customs-act-amendments-this-week\/","url_meta":{"origin":594706,"position":5},"title":"Cabinet to sign off on Customs Act amendments this week?","author":"enterpriseam admin","date":"23 December 2018","format":false,"excerpt":"LEGISLATION WATCH- Cabinet to sign off on Customs Act amendments this week? The proposed amendments to the Customs Act are apparently alive and well, and will be approved by the Madbouly Cabinet this Wednesday, Finance Minister Mohamed Maait said, according to Amwal Al Ghad. Cabinet had approved \u201cin principle\u201d the\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\/594706","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=594706"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594706\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/594680"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=594706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=594706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=594706"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=594706"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=594706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}