{"id":597964,"date":"2019-05-09T03:37:38","date_gmt":"2019-05-09T03:37:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/"},"modified":"2019-05-09T03:37:38","modified_gmt":"2019-05-09T03:37:38","slug":"maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/","title":{"rendered":"Maait excludes several bodies from Egypt\u2019s new mandatory e-payments system"},"content":{"rendered":"<p>Finance Minister Mohamed Maait has exempted some government bodies from complying with the e-payments system introduced <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/02\/what-were-tracking-on-2-may-2019\/\">on 1 May<\/a>, <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news-a-8-5-2019.aspx\">the ministry said in a statement<\/a>. The new rules make it mandatory for all government transactions exceeding EGP 500 to be done electronically. The exclusion applies to economic bodies, the Social Housing and Mortgage Finance Fund, public hospitals, educational institutions, medical centers, and the central Cairo and a North Sinai gold tax collection offices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Mohamed Maait has exempted some government bodies from complying with the e-payments system introduced on 1 May, the ministry said in a statement. The new rules make it mandatory for all government transactions exceeding EGP 500 to be done electronically. The exclusion applies to economic bodies, the Social Housing and Mortgage Finance Fund, [&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":[9298],"tags":[2372,155,72,2517],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597964","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-digitization","tag-enterpriseam","tag-governance","wpautop","entry"],"acf":{"mongo_id":"217085c2-77fd-4ed8-aaed-e0e139d878cc","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[597937],"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>Maait excludes several bodies from Egypt\u2019s new mandatory e-payments system - 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\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maait excludes several bodies from Egypt\u2019s new mandatory e-payments system\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Mohamed Maait has exempted some government bodies from complying with the e-payments system introduced on 1 May, the ministry said in a statement. The new rules make it mandatory for all government transactions exceeding EGP 500 to be done electronically. The exclusion applies to economic bodies, the Social Housing and Mortgage Finance Fund, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-09T03:37:38+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Maait excludes several bodies from Egypt\u2019s new mandatory e-payments system\",\"datePublished\":\"2019-05-09T03:37:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\"},\"wordCount\":82,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"digitization\",\"EnterpriseAM\",\"governance\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\",\"name\":\"Maait excludes several bodies from Egypt\u2019s new mandatory e-payments system - 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The new rules make it mandatory for all government transactions exceeding EGP 500 to be done electronically. 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its new electronic billing system once the House of Representatives signs off on the new E-Payments Act, Minister Mohamed Maait said at a news conference\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":574510,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/13\/new-rules-on-mandatory-cashless-payments-govt-is-getting-serious-about-taking-commerce-online\/","url_meta":{"origin":597964,"position":1},"title":"New rules on mandatory cashless payments \u2014 gov\u2019t is getting serious about taking commerce online","author":"enterpriseam admin","date":"13 September 2020","format":false,"excerpt":"LEGISLATION WATCH- New rules on mandatory cashless payments \u2014 gov\u2019t is getting serious about taking commerce online: Private sector companies and government bodies have been given six months to install electronic payment terminals on-site after the Madbouly Cabinet recently approved the executive regulations for the E-Payments Act, Finance Minister Mohamed\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\/9\/145.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615547,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/20\/maait-unveils-more-details-on-the-new-unified-budget-act\/","url_meta":{"origin":597964,"position":2},"title":"Maait unveils more details on the new Unified Budget Act","author":"enterpriseam admin","date":"20 February 2024","format":false,"excerpt":"The amendments will help improve the state\u2019s financial indicators","rel":"","context":"In 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Reports emerged in the local press yesterday claiming that the Finance Ministry intends to issue EGP 64 bn-worth of debt instruments to pay the holders of five-year Suez Canal certificates of deposit (CD), which mature this Thursday. Unnamed government sources speaking\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":624673,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/govt-to-use-fines-to-enforce-e-payments-for-govt-services-and-transactions-in-jan\/","url_meta":{"origin":597964,"position":4},"title":"Gov\u2019t to use fines to enforce e-payments for gov\u2019t services and transactions in Jan","author":"enterpriseam admin","date":"16 September 2018","format":false,"excerpt":"The Finance Ministry will enforce mandatory electronic payments to government bodies in January 2019 as per the newly amended Government Accounting Act, according to a ministry statement cited by the local press. This will include fines.","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":568640,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/unified-tax-system-to-be-fully-operational-this-year-maait\/","url_meta":{"origin":597964,"position":5},"title":"Unified tax system to be fully operational this year -Maait","author":"enterpriseam admin","date":"29 January 2020","format":false,"excerpt":"Egypt\u2019s new unified digital tax payment system is set to be fully implemented by the end of the year, Finance Minister Mohamed Maait said in a statement. 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