{"id":594874,"date":"2019-09-10T04:52:44","date_gmt":"2019-09-10T04:52:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/maait-denies-egypt-is-planning-to-raise-stamp-tax-rates\/"},"modified":"2019-09-10T04:52:44","modified_gmt":"2019-09-10T04:52:44","slug":"maait-denies-egypt-is-planning-to-raise-stamp-tax-rates","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/maait-denies-egypt-is-planning-to-raise-stamp-tax-rates\/","title":{"rendered":"Maait denies Egypt is planning to raise stamp tax rates"},"content":{"rendered":"

<\/a> The Finance Ministry is not planning to raise stamp tax rates<\/b>, Maait said at the Euromoney conference yesterday, according to Al Mal<\/a>. The minister denied our report from yesterday<\/a> that proposed amendments to the Stamp Tax Act would see the tax and fees hiked on electricity consumption, banking transactions, car and driving licenses, and several government documents, among other things.<\/p>\n

But when it comes to reforming customs and tax procedures, Egypt has \u201ca lot of work to do\u201d to become a more attractive FDI destination<\/b>, Maait told Reuters yesterday<\/a>. The minister told the newswire that his ministry is working on legislation that would unify tax procedures, the first draft of which will be ready for the business community by the end of next month. The Madbouly Cabinet had approved in July<\/a> proposed legislation that would introduce a series of reforms aimed at simplifying the tax payment process. The bill, if passed by the House of Representatives, would a unified system for filing taxes and pave the way for a new electronic billing and tax payment platform that would help the ministry monitor our tax accounts.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry is not planning to raise stamp tax rates, Maait said at the Euromoney conference yesterday, according to Al Mal. The minister denied our report from yesterday that proposed amendments to the Stamp Tax Act would see the tax and fees hiked on electricity consumption, banking transactions, car and driving licenses, and several […]<\/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":[72,276,277,2380,766,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594874","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-finance-ministry","tag-mohamed-maait","tag-speed-round","tag-stamp-tax","tag-tax","wpautop","entry"],"acf":{"mongo_id":"fc0ef3ed-5dcf-43a2-bfa8-cd0a8ae172ea","is_powered_by":true,"section_story_id":"e987772e-2123-4a80-a414-f45810116f9a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[594864],"teaser":"","voice_url":""},"yoast_head":"\nMaait denies Egypt is planning to raise stamp tax rates - 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\/10\/maait-denies-egypt-is-planning-to-raise-stamp-tax-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maait denies Egypt is planning to raise stamp tax rates\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry is not planning to raise stamp tax rates, Maait said at the Euromoney conference yesterday, according to Al Mal. The minister denied our report from yesterday that proposed amendments to the Stamp Tax Act would see the tax and fees hiked on electricity consumption, banking transactions, car and driving licenses, and several […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/maait-denies-egypt-is-planning-to-raise-stamp-tax-rates\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-10T04:52:44+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/maait-denies-egypt-is-planning-to-raise-stamp-tax-rates\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/maait-denies-egypt-is-planning-to-raise-stamp-tax-rates\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Maait denies Egypt is planning to raise stamp tax rates\",\"datePublished\":\"2019-09-10T04:52:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/maait-denies-egypt-is-planning-to-raise-stamp-tax-rates\/\"},\"wordCount\":195,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Finance Ministry\",\"Mohamed Maait\",\"SPEED ROUND\",\"stamp tax\",\"tax\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/maait-denies-egypt-is-planning-to-raise-stamp-tax-rates\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/maait-denies-egypt-is-planning-to-raise-stamp-tax-rates\/\",\"name\":\"Maait denies Egypt is planning to raise stamp tax rates - 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The bill was\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":571638,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/house-gives-preliminary-nod-to-stamp-tax-amendments-looks-set-to-give-tax-break-to-state-owned-enterprises-suspends-agriculture-land-tax\/","url_meta":{"origin":594874,"position":3},"title":"House gives preliminary nod to stamp tax amendments, looks set to give tax break to state-owned enterprises, suspends agriculture land tax","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"LEGISLATION WATCH- House gives preliminary nod to stamp tax amendments, looks set to give tax break to state-owned enterprises, suspends agriculture land tax: The House of Representatives\u2019 general assembly yesterday gave preliminary approval to government proposals to cut stamp tax on EGX transactions and withholding tax on dividends, Al Mal\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\/2020\/5\/202.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621957,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/govt-looks-to-raise-stamp-tax-on-phone-lines\/","url_meta":{"origin":594874,"position":4},"title":"Gov\u2019t looks to raise stamp tax on phone lines","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"EXCLUSIVE- Gov\u2019t looks to raise stamp tax on phone lines: The Finance Ministry could raise the stamp tax on phone lines through legislative amendments now on the drafting table, a ministry source told Enterprise. 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