{"id":595118,"date":"2019-09-17T03:56:45","date_gmt":"2019-09-17T03:56:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/"},"modified":"2019-09-17T03:56:45","modified_gmt":"2019-09-17T03:56:45","slug":"egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/","title":{"rendered":"Egypt mulls amending corporate healthcare tithe to impose EGP 10k cap across the board"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>EXCLUSIVE- FinMin mulls amending corporate healthcare tithe to impose across-the-board cap at EGP 10k:<\/b> The Finance Ministry is considering introducing amendments to the Universal Healthcare Act that would set an across-the-board limit on the healthcare tithe paid by businesses to fund the new universal healthcare system, two government sources tell Enterprise. The amendments would see businesses pay the 0.25% levy on revenues, but the payment would be capped at EGP 10k, regardless of the size of the company or its revenues. Under the current framework, businesses will be charged the 0.25% levy on their revenues, which will not be tax deductible for this tax season. Loss-making companies will not be exempt from the payment.<\/p>\n<p><b>The ministry had previously suggested imposing the cap at EGP 100k<\/b>, but brought the figure down to EGP 10k when the proposal was met with backlash from the business community. The new ceiling is expected to reduce business\u2019 tax burden, our source said. Businesses had previously lobbied to transform the 0.25% levy into a surtax on pre- or post-tax profits.<\/p>\n<p><b>When is this coming into effect?<\/b> According to our sources, the ministry plans to implement the changes in January, meaning they would affect the next tax collection season but would be included in the state\u2019s tax revenues for the current fiscal year.<\/p>\n<p><b>Background:<\/b> The government began rolling out its EGP 600 bn health insurance plan in Port Said in July, and more governorates will be added gradually over the course of the next 11-13 years. The ministry started collecting taxes (including the 0.25% tithe) to fund the scheme this fiscal year. The government <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/10\/government-postpones-amendments-on-universal-healthcare-tithe\/\">had said in July<\/a> that it would postpone talks on setting a cap on the tithe until the House of Representatives new legislative session, which begins on 1 October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE- FinMin mulls amending corporate healthcare tithe to impose across-the-board cap at EGP 10k: The Finance Ministry is considering introducing amendments to the Universal Healthcare Act that would set an across-the-board limit on the healthcare tithe paid by businesses to fund the new universal healthcare system, two government sources tell Enterprise. The amendments would see [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":595119,"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":[72,276,2380,69,4298],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-finance-ministry","tag-speed-round","tag-tax","tag-universal-health-insurance","wpautop","entry"],"acf":{"mongo_id":"67e8f195-e6df-4f4f-9fd4-9133f27d3228","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/1\/773.jpg","photo_position":"above","related_issue":[595113],"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>Egypt mulls amending corporate healthcare tithe to impose EGP 10k cap across the board - 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\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt mulls amending corporate healthcare tithe to impose EGP 10k cap across the board\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- FinMin mulls amending corporate healthcare tithe to impose across-the-board cap at EGP 10k: The Finance Ministry is considering introducing amendments to the Universal Healthcare Act that would set an across-the-board limit on the healthcare tithe paid by businesses to fund the new universal healthcare system, two government sources tell Enterprise. The amendments would see [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-17T03:56:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/773.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=\"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\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt mulls amending corporate healthcare tithe to impose EGP 10k cap across the board\",\"datePublished\":\"2019-09-17T03:56:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/\"},\"wordCount\":305,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/773.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Finance Ministry\",\"SPEED ROUND\",\"tax\",\"universal health insurance\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/\",\"name\":\"Egypt mulls amending corporate healthcare tithe to impose EGP 10k cap across the board - 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tithe this week: The Finance Ministry will announce this week its final framework for the 0.25% levy businesses will be required to pay this year to finance the national healthcare system under the Universal Healthcare Act, according to a domestic press report citing\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":596866,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/government-postpones-amendments-on-universal-healthcare-tithe\/","url_meta":{"origin":595118,"position":1},"title":"Government postpones amendments on universal healthcare tithe","author":"enterpriseam admin","date":"10 July 2019","format":false,"excerpt":"LEGISLATION WATCH- Gov\u2019t postpones amendments on healthcare tithe to next parliamentary session: The government has postponed talks over setting a cap on the corporate universal healthcare tithe until the next parliamentary session, the local press reported, citing unnamed government officials. Delaying the debate will allow for more input from other\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\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602824,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/egypts-healthcare-tithe-this-year-will-definitely-be-on-topline\/","url_meta":{"origin":595118,"position":2},"title":"Egypt\u2019s healthcare tithe this year will definitely be on topline","author":"enterpriseam admin","date":"8 April 2019","format":false,"excerpt":"EXCLUSIVE- Healthcare tithe this year will definitely be on the top line: The 0.25% levy businesses will have to pay as part of the Universal Healthcare Act will definitely be on revenues for the current fiscal year, Tax Authority head Abdel Azim Hussein tells us, implying that it is just\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":601850,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/egypt-parliament-looking-to-make-0-25-healthcare-tithe-tax-deductible\/","url_meta":{"origin":595118,"position":3},"title":"Egypt parliament looking to make 0.25% healthcare tithe tax-deductible","author":"enterpriseam admin","date":"12 March 2019","format":false,"excerpt":"LEGISLATION WATCH- House looking to make 0.25% healthcare tithe tax-deductible: The House of Representatives is set to discuss within the next few days amendments proposed by Rep. Mohamed El Sewedy that would make tax-deductible the 0.25% tithe on revenues that companies are required to pay to finance the new national\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\/2019\/2\/2118.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602973,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/11\/finance-ministry-issues-regulations-of-healthcare-tithe-for-current-tax-season\/","url_meta":{"origin":595118,"position":4},"title":"Finance Ministry issues regulations of healthcare tithe for current tax season","author":"enterpriseam admin","date":"11 April 2019","format":false,"excerpt":"EXCLUSIVE- It\u2019s official: You\u2019re going to be paying the healthcare tithe on your top line this year \u2014 and it won\u2019t be tax deductible: The 0.25% levy businesses will have to pay to finance the universal healthcare system will be charged on revenues and will not be tax deductible this\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\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602160,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/government-considering-making-healthcare-tithe-on-profits-not-revenues\/","url_meta":{"origin":595118,"position":5},"title":"Government considering making healthcare tithe on profits not revenues","author":"enterpriseam admin","date":"20 March 2019","format":false,"excerpt":"EXCLUSIVE- FinMin considers making the 0.25% healthcare tithe on net profit, not revenue: The government is mulling whether to amend the national levy on revenues that companies are required to pay to finance the new national healthcare system to make it 0.25% of companies\u2019 bottom lines, rather than revenues, a\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\/595118","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=595118"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/595118\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/595113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/595119"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=595118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=595118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=595118"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=595118"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=595118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}