{"id":602273,"date":"2019-03-24T03:32:16","date_gmt":"2019-03-24T03:32:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/fei-pushing-for-taxation-on-profit-instead-of-revenue-in-universal-healthcare-act\/"},"modified":"2019-03-24T03:32:16","modified_gmt":"2019-03-24T03:32:16","slug":"fei-pushing-for-taxation-on-profit-instead-of-revenue-in-universal-healthcare-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/fei-pushing-for-taxation-on-profit-instead-of-revenue-in-universal-healthcare-act\/","title":{"rendered":"FEI pushing for taxation on profit instead of revenue in Universal Healthcare Act"},"content":{"rendered":"

<\/a> Business lobby proposes 1% surtax on net profit to fund healthcare system: <\/b>The Federation of Egyptian Industries Tax and Customs Committee has proposed to the Finance Ministry an amendment to the Universal Healthcare Act that would see companies taxed 1% of profit rather than revenue, Youm7 reported<\/a><\/u>. A government official told Enterprise last week<\/a><\/u> that the ministry is considering levying a 0.25% tax on net profits, not revenues. The state\u2019s EGP 600 bn health insurance plan mandated under the Universal Healthcare Act will be rolled out incrementally throughout Egypt over the course of 11-13 years, but the Finance Ministry is expected to start levying a designated tax to fund the scheme during the current fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Business lobby proposes 1% surtax on net profit to fund healthcare system: The Federation of Egyptian Industries Tax and Customs Committee has proposed to the Finance Ministry an amendment to the Universal Healthcare Act that would see companies taxed 1% of profit rather than revenue, Youm7 reported. A government official told Enterprise last week that […]<\/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":[72,916,7138,180,2380,69,4175],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602273","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-federation-of-egyptian-industries","tag-health","tag-legislation","tag-speed-round","tag-tax","tag-universal-healthcare-act","wpautop","entry"],"acf":{"mongo_id":"7e8d9bd2-fe15-40f3-87bc-099ea5a9ef5f","is_powered_by":true,"section_story_id":"a376cba6-858e-4fcc-8f39-ce462a4929eb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602260],"teaser":"","voice_url":""},"yoast_head":"\nFEI pushing for taxation on profit instead of revenue in Universal Healthcare Act - 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\/03\/24\/fei-pushing-for-taxation-on-profit-instead-of-revenue-in-universal-healthcare-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FEI pushing for taxation on profit instead of revenue in Universal Healthcare Act\" \/>\n<meta property=\"og:description\" content=\"Business lobby proposes 1% surtax on net profit to fund healthcare system: The Federation of Egyptian Industries Tax and Customs Committee has proposed to the Finance Ministry an amendment to the Universal Healthcare Act that would see companies taxed 1% of profit rather than revenue, Youm7 reported. A government official told Enterprise last week that […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/fei-pushing-for-taxation-on-profit-instead-of-revenue-in-universal-healthcare-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-24T03:32:16+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\/03\/24\/fei-pushing-for-taxation-on-profit-instead-of-revenue-in-universal-healthcare-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/fei-pushing-for-taxation-on-profit-instead-of-revenue-in-universal-healthcare-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FEI pushing for taxation on profit instead of revenue in Universal Healthcare Act\",\"datePublished\":\"2019-03-24T03:32:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/fei-pushing-for-taxation-on-profit-instead-of-revenue-in-universal-healthcare-act\/\"},\"wordCount\":126,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Federation of Egyptian Industries\",\"health\",\"legislation\",\"SPEED ROUND\",\"tax\",\"Universal Healthcare Act\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/fei-pushing-for-taxation-on-profit-instead-of-revenue-in-universal-healthcare-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/fei-pushing-for-taxation-on-profit-instead-of-revenue-in-universal-healthcare-act\/\",\"name\":\"FEI pushing for taxation on profit instead of revenue in Universal Healthcare Act - 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The Finance Ministry said yesterday that it has drafted changes to the funding system for the new universal health insurance system, but stopped short of making clear what those changes are, according to a report\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\/2019\/7\/Health-care-1600px.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":602273,"position":1},"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 "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":602320,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/egypt-agrees-to-set-0-25-healthcare-tithe-for-tourism-companies-on-commission-earned\/","url_meta":{"origin":602273,"position":2},"title":"Egypt agrees to set 0.25% healthcare tithe for tourism companies on commission earned","author":"enterpriseam admin","date":"25 March 2019","format":false,"excerpt":"Gov\u2019t agrees to set 0.25% healthcare tithe for tourism companies on commission earned: The government has agreed to calculate the 0.25% healthcare tithe for companies in the tourism industry based on the commission these companies earn on certain products and services such as airline tickets, rather than overall revenues, Al\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":605178,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/are-banks-trying-to-find-a-way-around-higher-taxes\/","url_meta":{"origin":602273,"position":3},"title":"Are banks trying to find a way around higher taxes?","author":"enterpriseam admin","date":"24 December 2018","format":false,"excerpt":"Shocker: Banks are looking for a way around higher taxes. The Federation of Egyptian Banks is in talks with the Finance Ministry to allow its members to deduct as an expense the EGP 2.5\/1,000 healthcare levy on their top line, multiple sources told Al Mal. If the levy is not\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":599888,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/14\/finmin-says-its-willing-to-revisit-tax-scheme-under-egypts-universal-healthcare-act\/","url_meta":{"origin":602273,"position":4},"title":"FinMin says it\u2019s willing to revisit tax scheme under Egypt\u2019s Universal Healthcare Act","author":"enterpriseam admin","date":"14 January 2019","format":false,"excerpt":"FinMin signals it may be willing to revisit tax scheme under Universal Healthcare Act: The Finance Ministry is \u201cwilling\u201d to revisit the legislative framework that sets out the taxes the government will collect to fund the universal healthcare scheme under the Universal Healthcare Act, Minister Mohamed Maait said at a\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":602973,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/11\/finance-ministry-issues-regulations-of-healthcare-tithe-for-current-tax-season\/","url_meta":{"origin":602273,"position":5},"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 "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\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602273","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=602273"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602273\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602260"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602273"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602273"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}