{"id":602572,"date":"2019-04-01T03:23:00","date_gmt":"2019-04-01T03:23:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/egypt-earmarks-incentives-worth-egp-1-5-2-bn-annually-for-smes-under-new-act\/"},"modified":"2019-04-01T03:23:00","modified_gmt":"2019-04-01T03:23:00","slug":"egypt-earmarks-incentives-worth-egp-1-5-2-bn-annually-for-smes-under-new-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/egypt-earmarks-incentives-worth-egp-1-5-2-bn-annually-for-smes-under-new-act\/","title":{"rendered":"Egypt earmarks incentives worth EGP 1.5-2 bn annually for SMEs under new Act"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- The SMEs Act includes tax and non-tax incentives worth EGP 1.5-2 bn annually <\/b>to support entrepreneurship and encourage SMEs to go legit, said Hisham Ragab, an advisor to the trade and industry minister<\/a><\/u>. In measures recently approved by cabinet<\/a><\/u> for introduction in the House, businesses with turnover of up to EGP 10 mn will be eligible for a preferential tax rate of 1.25% for a period of time after registering, while those with annual revenues of under EGP 1 mn will be taxed EGP 2-6k. Other measures likely to be included in the package include regulatory changes designed to make it easier to for small businesses to get credit.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- The SMEs Act includes tax and non-tax incentives worth EGP 1.5-2 bn annually to support entrepreneurship and encourage SMEs to go legit, said Hisham Ragab, an advisor to the trade and industry minister. In measures recently approved by cabinet for introduction in the House, businesses with turnover of up to EGP 10 mn […]<\/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":[7097,72,180,287,1348,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602572","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-development","tag-enterpriseam","tag-legislation","tag-smes","tag-smes-act","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2faa2dfa-14e4-4b8a-bf71-e7c2bf0e1cb4","is_powered_by":true,"section_story_id":"6ccd21d6-f5cf-4796-ad96-55d1a0c0470d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602559],"teaser":"","voice_url":""},"yoast_head":"\nEgypt earmarks incentives worth EGP 1.5-2 bn annually for SMEs under new 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\/04\/01\/egypt-earmarks-incentives-worth-egp-1-5-2-bn-annually-for-smes-under-new-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt earmarks incentives worth EGP 1.5-2 bn annually for SMEs under new Act\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- The SMEs Act includes tax and non-tax incentives worth EGP 1.5-2 bn annually to support entrepreneurship and encourage SMEs to go legit, said Hisham Ragab, an advisor to the trade and industry minister. 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As it currently stands,\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\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594777,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/egyptian-smes-act-to-include-tax-and-non-tax-incentives-says-finmin\/","url_meta":{"origin":602572,"position":1},"title":"Egyptian SMEs Act to include tax and non-tax incentives, says FinMin","author":"enterpriseam admin","date":"8 September 2019","format":false,"excerpt":"LEGISLATION WATCH- The SMEs Act will include tax and non-tax incentives to support the sector and encourage small businesses to go legit, the Finance Ministry said in a statement (pdf). If passed, the incentives would include exemptions from the stamp tax as well as the fees to register contracts to\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":602674,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/egypt-govt-decides-on-tax-reductions-for-smes\/","url_meta":{"origin":602572,"position":2},"title":"Egypt gov\u2019t decides on tax reductions for SMEs","author":"enterpriseam admin","date":"3 April 2019","format":false,"excerpt":"EXCLUSIVE- Preferential tax rates in the SMEs Act will give small businesses incentives to go legit, a government official with knowledge of the bill tells us. The plan would see businesses pay tax at a fixed rate over a three-year term regardless of revenue growth, according to the following bands:\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\/4\/2977.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593104,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/18\/draft-smes-act-gets-early-nod-from-house-committee\/","url_meta":{"origin":602572,"position":3},"title":"Draft SMEs Act gets early nod from House committee","author":"enterpriseam admin","date":"18 November 2019","format":false,"excerpt":"LEGISLATION WATCH- Draft SMEs Act gets early nod from House committee: The proposed SMEs Act, which would provide tax and non-tax incentives for small and medium-sized businesses to join the formal economy, received preliminary House committee approval yesterday, according to Masrawy. The current 76-article draft provides a legal framework to\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\/2\/1149.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599274,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/maglis-el-dawla-completes-its-review-of-smes-customs-acts\/","url_meta":{"origin":602572,"position":4},"title":"Maglis El Dawla completes its review of SMEs, customs acts","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"LEGISLATION WATCH- Maglis El Dawla completes review of SMEs, customs acts: The Council of State (Maglis El Dawla) has completed its review of proposed SMEs and customs acts and has sent them back to the Madbouly Cabinet for approval, unidentified sources tell the local press. Once Cabinet signs off on\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":598547,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/28\/state-council-to-complete-reviewing-customs-and-smes-acts-this-week\/","url_meta":{"origin":602572,"position":5},"title":"State Council to complete reviewing customs and SMEs acts this week","author":"enterpriseam admin","date":"28 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Maglis El Dawla to finalize review of draft customs and SMEs acts this week: The Council of State (Maglis El Dawla) is expected to finish reviewing the draft customs and SMEs acts this week and send them to Cabinet before Eid El Fitr, the local press reports. 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