{"id":608638,"date":"2023-10-23T00:00:00","date_gmt":"2023-10-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/"},"modified":"2023-10-23T00:00:00","modified_gmt":"2023-10-23T00:00:00","slug":"this-evening-finmin-completes-initial-draft-of-tax-policy-document","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/","title":{"rendered":"THIS EVENING: FinMin completes initial draft of tax policy document"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, ladies and gentlemen, and happy Monday.<\/strong> As was the case this morning, the news cycle appears to be catching its breath (besides the ongoing war). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The Finance Ministry has completed its first draft of the government\u2019s tax <\/strong><strong>policy document<\/strong>, which it expects to finalize and publish next month, a ministry official told Enterprise. The document \u2014 which is currently undergoing legal review before being put up for national dialogue \u2014 outlines the ministry\u2019s plans for tax reform and will remain unchanged for five years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Israel-Palestine war\u2019s domination of the news cycle is getting punctuated by updates from Chevron this afternoon<\/strong><strong>.<\/strong>Israel continued to pound the Gaza enclave with more airstrikes, even as ground troops were taking on Hamas militants on the ground. Israeli airstrikes also hit targets in southern Lebanon while Israeli troops attacked Palestinians in the occupied West Bank yesterday. Lassoing in the overspill, US President Joe Biden has been communicating with his western counterparts, namely from Canada, France, Germany, Italy and the UK to coordinate navigating the situation in the region. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-strikes-gaza-lebanon-overnight-netanyahu-convenes-generals-2023-10-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-23\/israel-latest-hostage-talks-delay-invasion-as-gaza-awaits-aid?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Chevron is buying Hess Corporation in a USD 53 bn all-stock transaction<\/strong>, giving Chevron another piece of the US energy industry. Aside from creating a more resilient oil and gas economy through this purchase, they intend to get more involved in the US shale business. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f25f315f-2551-4517-a7a2-2d9418001756\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/chevron-buy-hess-corp-53-bln-stock-2023-10-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/energy-oil\/chevron-to-buy-hess-for-53-billion-f1373362?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>As many as seven Egyptian troops <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7631e105-3679-4687-b9af-8e25519d2e0c\" style=\"\" rel=\"noopener\">were injured when an Israeli tank opened fire on a border post<\/a><\/strong> near the Egypt-Gaza border.<\/li>\n<li><strong>Beltone x Al Ahly Sabbour: <\/strong>Beltone\u2019s Financial\u2019s leasing subsidiary <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/514dc1ab-d897-42a7-ae3a-4709172f234f\" style=\"\" rel=\"noopener\">has signed a sale and leaseback agreement worth EGP 1.2 bn<\/a> with real estate developer Al Ahly Sabbour.<\/li>\n<li><strong>Biden\u2019s nominee for Egypt ambassador faces questions on Gaza aid and human rights at Senate hearing: <\/strong>Herro Mustafa Garg <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df9dadd8-6f29-4cfb-a620-975f16dd57a1\" style=\"\" rel=\"noopener\">was pressed on how she would respond to the humanitarian crisis in Gaza and Egypt\u2019s human rights record<\/a> as Washington\u2019s ambassador in Cairo during her Senate confirmation hearing on Thursday.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n  <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Look for the mercury rising to 31\u00b0C during the day and dropping to 22\u00b0C during the evening, our favorite weather app tells us. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, ladies and gentlemen, and happy Monday. As was the case this morning, the news cycle appears to be catching its breath (besides the ongoing war). THE BIG STORY TODAY The Finance Ministry has completed its first draft of the government\u2019s tax policy document, which it expects to finalize and publish next month, a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":608639,"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":[7213],"tags":[633,276,69,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-608638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-finance-ministry","tag-tax","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"51c4c3ba-fb78-4471-8210-f8736ae5391d","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2021\/12\/326.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[608636],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.02434018-c83a-4de7-a570-546a4111a135.mp3"},"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>THIS EVENING: FinMin completes initial draft of tax policy document - 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\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: FinMin completes initial draft of tax policy document\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, ladies and gentlemen, and happy Monday. As was the case this morning, the news cycle appears to be catching its breath (besides the ongoing war). THE BIG STORY TODAY The Finance Ministry has completed its first draft of the government\u2019s tax policy document, which it expects to finalize and publish next month, a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-23T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/326.jpg?fit=%2C&ssl=1\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: FinMin completes initial draft of tax policy document\",\"datePublished\":\"2023-10-23T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/\"},\"wordCount\":411,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/326.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"Finance Ministry\",\"tax\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/\",\"name\":\"THIS EVENING: FinMin completes initial draft of tax policy document - 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It\u2019s a relatively calm day on the home front, and we\u2019ve got a brisk issue to match with few but important stories, including the Finance Ministry\u2019s second wave of tax facilities, the latest in Venezuela, and a guide to something you might just want to\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":580616,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/10\/this-evening-inflation-hits-five-year-high-in-december-we-got-a-first-peek-at-the-finmins-five-year-tax-policy-document\/","url_meta":{"origin":608638,"position":1},"title":"THIS EVENING: Inflation hits five-year high in December + We got a first peek at the FinMin\u2019s five-year tax policy document","author":"enterpriseam admin","date":"10 January 2023","format":false,"excerpt":"Good afternoon friends, and welcome to the tail-end of this busy hump day. Picking up where we left off this morning, it\u2019s a brisk news day here at home as macroeconomics and fiscal policy continue to take the lead. THE BIG STORIES TODAY- #1- Inflation hits new high on weaker\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/627.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":675720,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/18\/finmin-to-introduce-a-new-income-tax-law-next-year\/","url_meta":{"origin":608638,"position":2},"title":"FinMin to introduce a new income tax law next year","author":"enterpriseam admin","date":"18 November 2025","format":false,"excerpt":"A draft will be presented for community dialogue in preparation for its referral to the House","rel":"","context":"In &quot;Tax&quot;","block_context":{"text":"Tax","link":"https:\/\/enterpriseam.com\/egypt\/category\/tax\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2510.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":686650,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/finmin-to-issue-monthly-tax-exempt-citizen-bonds-following-successful-debut\/","url_meta":{"origin":608638,"position":3},"title":"FinMin to issue monthly tax-exempt Citizen Bonds following successful debut","author":"enterpriseam admin","date":"24 February 2026","format":false,"excerpt":"Good afternoon, friends, and happy hump day. It\u2019s another relatively slow afternoon in the press, and we\u2019ve got a brisk issue for you. Today, we take a look at why more professionals are choosing to freelance and review a suhoor spot with an unconventional menu. So, when do we eat?\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1001.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":679059,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/28\/finmin-explores-tying-zero-income-tax-bracket-to-inflation-rates\/","url_meta":{"origin":608638,"position":4},"title":"Inflation is up and so should the tax-free bracket","author":"enterpriseam admin","date":"28 December 2025","format":false,"excerpt":"Good afternoon, friends, and welcome to the start of a new workweek. Today\u2019s issue brings you updates on the latest FinMin developments and precious metal prices, fills you in on how Egypt can position itself as a regional telecom hub, and revisits our piece on marketing campaigns, this time focusing\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":664610,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/04\/deadline-for-pre-2020-tax-dispute-requests-pushed-to-august\/","url_meta":{"origin":608638,"position":5},"title":"Deadline for pre-2020 tax dispute requests pushed to August","author":"enterpriseam admin","date":"4 May 2025","format":false,"excerpt":"Good afternoon, friends, and welcome to the fresh start of a new workweek. We\u2019re hitting the ground running today with tax dispute news from the Finance Ministry, updates to industry export standards, and concerns that Big Tech is setting its sights on making a userbase out of our little ones.THE\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/761.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\/608638","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=608638"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/608638\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/608636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/608639"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=608638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=608638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=608638"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=608638"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=608638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}