{"id":600947,"date":"2019-02-14T04:04:38","date_gmt":"2019-02-14T04:04:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/"},"modified":"2019-02-14T04:04:38","modified_gmt":"2019-02-14T04:04:38","slug":"gafi-aims-to-amend-fees-for-freezone-industries","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/","title":{"rendered":"GAFI aims to amend fees for freezone industries"},"content":{"rendered":"<p><b>REGULATION WATCH- Could taxes on freezone products be going away? <\/b>The General Authority for Investment (GAFI) could look at giving companies based in free zones a break, <a href=\"https:\/\/alborsaanews.com\/2019\/02\/13\/1177179\">says Moatasem Rashed<\/a>, the head of the Private Free Zones Investors Association, an industry association. Rashed is nudging GAFI to cut taxes and a fee imposed in 2017. <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/31\/additional-fees-on-freezones-in-the-investment-act-regs-earns-ire-of-freezone-investors\/\">The 2017 Investment Act<\/a> imposed a 1% tax on goods exported from free zones, a 2% fee on all goods sold in Egypt out of free zones and a 1% fee on the operating costs of industrial projects in the zones.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>REGULATION WATCH- Could taxes on freezone products be going away? The General Authority for Investment (GAFI) could look at giving companies based in free zones a break, says Moatasem Rashed, the head of the Private Free Zones Investors Association, an industry association. Rashed is nudging GAFI to cut taxes and a fee imposed in 2017. [&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":[8572],"tags":[72,461,7196,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600947","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-gafi","tag-industry","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bfb1463c-c9a3-46d3-b756-fd1bf76d9820","is_powered_by":true,"section_story_id":"4ba3fe04-554c-4006-b2b4-cd234eb9676f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600935],"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>GAFI aims to amend fees for freezone industries - 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\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GAFI aims to amend fees for freezone industries\" \/>\n<meta property=\"og:description\" content=\"REGULATION WATCH- Could taxes on freezone products be going away? The General Authority for Investment (GAFI) could look at giving companies based in free zones a break, says Moatasem Rashed, the head of the Private Free Zones Investors Association, an industry association. Rashed is nudging GAFI to cut taxes and a fee imposed in 2017. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-14T04:04:38+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\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GAFI aims to amend fees for freezone industries\",\"datePublished\":\"2019-02-14T04:04:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/\"},\"wordCount\":99,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"GAFI\",\"industry\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/\",\"name\":\"GAFI aims to amend fees for freezone industries - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-02-14T04:04:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GAFI aims to amend fees for freezone industries\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GAFI aims to amend fees for freezone industries - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/","og_locale":"en_US","og_type":"article","og_title":"GAFI aims to amend fees for freezone industries","og_description":"REGULATION WATCH- Could taxes on freezone products be going away? 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GAFI last week agreed\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":639537,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/additional-fees-on-freezones-in-the-investment-act-regs-earns-ire-of-freezone-investors\/","url_meta":{"origin":600947,"position":1},"title":"Additional fees on freezones in the Investment Act regs earns ire of freezone investors","author":"enterpriseam admin","date":"31 October 2017","format":false,"excerpt":"Additional fees on freezones under the Investment Act regs earned the ire of freezoneinvestors the day they came into effect: The executive regulations to the new Investment Act came into effect yesterday after they were published in the Official Gazette (pdf). The ink had not yet dried when a new\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":597311,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/gafi-to-ensure-companies-stick-to-target-export-mix-eases-work-and-residency-permit-procedures\/","url_meta":{"origin":600947,"position":2},"title":"GAFI to ensure companies stick to target export mix, eases work and residency permit procedures","author":"enterpriseam admin","date":"22 July 2019","format":false,"excerpt":"REGULATION WATCH- Freezone companies need to stick to target export mix: The General Authority for Investment (GAFI) has commissioned a working group to perform quarterly audits of companies under its supervision to ensure they are maintaining a certain ratio of domestic to international sales, the authority said in a statement.\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":601258,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/24\/gafi-to-send-investment-acts-draft-amendments-to-cabinet-within-days\/","url_meta":{"origin":600947,"position":3},"title":"GAFI to send Investment Act\u2019s draft amendments to cabinet within days","author":"enterpriseam admin","date":"24 February 2019","format":false,"excerpt":"LEGISLATION WATCH- GAFI drafting amendments to Investment Act? The General Authority for Free zones and Investments is planning to send draft amendments to the Investment Act to the government within days,Al Masry Al Youm quotes GAFI chief Mohsen Adel is saying. 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The move is part of a strategy to use the zones as a way of improving the overall investment climate and boost\u2026","rel":"","context":"In &quot;Egypt Politics + Economics&quot;","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638726,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/12\/gafi-approves-three-investment-zones\/","url_meta":{"origin":600947,"position":5},"title":"GAFI approves three investment zones","author":"enterpriseam admin","date":"12 October 2017","format":false,"excerpt":"The General Authority for Freezones and Investments (GAFI) approved the establishment of three new investment zones yesterday, according to an Investment Ministry statement. 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