{"id":598428,"date":"2019-05-26T03:59:37","date_gmt":"2019-05-26T03:59:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/egypts-tax-authority-agrees-to-egp-2-bn-settlement-in-global-telecom-dispute\/"},"modified":"2019-05-26T03:59:37","modified_gmt":"2019-05-26T03:59:37","slug":"egypts-tax-authority-agrees-to-egp-2-bn-settlement-in-global-telecom-dispute","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/egypts-tax-authority-agrees-to-egp-2-bn-settlement-in-global-telecom-dispute\/","title":{"rendered":"Egypt\u2019s Tax Authority agrees to EGP 2 bn settlement in Global Telecom dispute"},"content":{"rendered":"

<\/a> EXCLUSIVE- Global Telecom could pay EGP 2 bn to end tax dispute:<\/b> The Tax Authority is nearing an agreement with emerging markets telecom operator Global Telecom Holding (GTH) to end a multi-bn dispute over taxes and penalties, two government sources tell Enterprise. The agreement could see the company pay EGP 2 bn to close the case, which dates back to 2018. According to our sources, GTH reps from will meet with Finance Minister Mohamed Maait tomorrow to finalize the settlement. Reps from majority shareholder Veon Holdings, which is looking to acquire<\/a> the 42.3% of GTH that it does not already own, have also been sitting in on the meetings between GTH and the government. Some market observers have claimed the ongoing dispute \u2014 which has embroiled both retail investors and a handful of \u201cactivist\u201d institutional investors \u2014 has sapped sentiment on the EGX.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Global Telecom could pay EGP 2 bn to end tax dispute: The Tax Authority is nearing an agreement with emerging markets telecom operator Global Telecom Holding (GTH) to end a multi-bn dispute over taxes and penalties, two government sources tell Enterprise. The agreement could see the company pay EGP 2 bn to close the […]<\/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":[957,679,72,9102,2380,69,11239],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598428","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-dispute-watch","tag-egyptian-tax-authority","tag-enterpriseam","tag-global-telecom-holding","tag-speed-round","tag-tax","tag-veon-holdings","wpautop","entry"],"acf":{"mongo_id":"627f8de1-5b59-4b26-80fa-0d54ae821305","is_powered_by":true,"section_story_id":"14ba8c19-6ce7-4539-bdb8-80bb70fa74ef","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598419],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Tax Authority agrees to EGP 2 bn settlement in Global Telecom dispute - 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\/26\/egypts-tax-authority-agrees-to-egp-2-bn-settlement-in-global-telecom-dispute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Tax Authority agrees to EGP 2 bn settlement in Global Telecom dispute\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Global Telecom could pay EGP 2 bn to end tax dispute: The Tax Authority is nearing an agreement with emerging markets telecom operator Global Telecom Holding (GTH) to end a multi-bn dispute over taxes and penalties, two government sources tell Enterprise. 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The MTO kicked off yesterday,\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":594916,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/gth-finishes-paying-usd-136-mn-settlement-to-tax-authority\/","url_meta":{"origin":598428,"position":5},"title":"GTH finishes paying USD 136 mn settlement to Tax Authority","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"DISPUTE WATCH- GTH finishes paying USD 136 mn settlement to Tax Authority: The dispute between Global Telecom Holding (GTH) and the Tax Authority finally came to a close yesterday after GTH finished paying its USD 136 mn tax settlement, the authority said in a statement picked up by Mubasher. 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