{"id":621599,"date":"2018-11-13T04:18:20","date_gmt":"2018-11-13T04:18:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/house-backs-legislation-to-tax-social-media-ads\/"},"modified":"2018-11-13T04:18:20","modified_gmt":"2018-11-13T04:18:20","slug":"house-backs-legislation-to-tax-social-media-ads","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/house-backs-legislation-to-tax-social-media-ads\/","title":{"rendered":"House backs legislation to tax social media ads"},"content":{"rendered":"

House backs legislation to tax social media ads: <\/strong>MPs will support the Finance Ministry\u2019s drive to collect taxes on domestic purchases of social media advertising, said House spokesperson Salah Hassaballah, according to Al Mal<\/a>. The move will require some change to legislation, the story suggests, and comes after we reported in October<\/a> that the finance ministry was finding it difficult to get tech giants including Facebook and Google to take action on the issue.<\/p>\n

Background: <\/strong>A ministry source told Enterprise in September<\/a> that the ministry was studying how to require that ad agencies and social media companies charge and remit a 14% VAT on sales of social media adverts. Taxing non-resident tech giants for their local activities is a global issue.<\/strong> We\u2019re not the part of the \u201craise-taxes\u201d set, but it doesn\u2019t seem fair that global giants are exempt from charging taxes on their wares when local players don\u2019t enjoy the same advantages. The move comes after the Finance Ministry told us last month<\/a> that it was requiring e-commerce platforms including Souq, Jumia, and OLX to charge VAT on all transactions that would be subject to VAT if sold offline<\/p>\n","protected":false},"excerpt":{"rendered":"

House backs legislation to tax social media ads: MPs will support the Finance Ministry\u2019s drive to collect taxes on domestic purchases of social media advertising, said House spokesperson Salah Hassaballah, according to Al Mal. The move will require some change to legislation, the story suggests, and comes after we reported in October that the finance […]<\/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":[72,274,894,2380,69,7110],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621599","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-house-of-representatives","tag-social-media","tag-speed-round","tag-tax","tag-vat","wpautop","entry"],"acf":{"mongo_id":"676f0bb1-2146-40a1-9d10-2684a59c7214","order":"0","is_powered_by":true,"section_story_id":"964d5586-c249-4fe0-b6eb-a80699c01e8a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621586],"teaser":"","voice_url":""},"yoast_head":"\nHouse backs legislation to tax social media ads - 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\/2018\/11\/13\/house-backs-legislation-to-tax-social-media-ads\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House backs legislation to tax social media ads\" \/>\n<meta property=\"og:description\" content=\"House backs legislation to tax social media ads: MPs will support the Finance Ministry\u2019s drive to collect taxes on domestic purchases of social media advertising, said House spokesperson Salah Hassaballah, according to Al Mal. 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The taxation framework will likely include provisions demanding that ad agencies and social media\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":602672,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/finmin-looks-to-tax-the-living-daylights-out-of-social-media-ads-e-commerce-players\/","url_meta":{"origin":621599,"position":1},"title":"FinMin looks to tax the living daylights out of social media ads, e-commerce players","author":"enterpriseam admin","date":"3 April 2019","format":false,"excerpt":"EXCLUSIVE- FinMin looks to tax the living daylights out of social media ads, e-commerce players: The Finance Ministry is moving ahead with plans to impose a mix of VAT, income, stamp, and development taxes on social media and e-commerce platforms and internet search ads, a senior government official told Enterprise.\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\/2118.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600194,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/finmin-wants-to-impose-stamp-tax-on-social-media-ads-of-up-to-20\/","url_meta":{"origin":621599,"position":2},"title":"FinMin wants to impose stamp tax on social media ads of up to 20%","author":"enterpriseam admin","date":"22 January 2019","format":false,"excerpt":"EXCLUSIVE- FinMin could impose stamp tax of up to 20% on social media ads: The Finance Ministry appears set to impose a stamp tax on social media and internet search ads and has completed drafting legislation to that effect, a senior ministry source told Enterprise. Companies running ads on social\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\/1\/59.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628081,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/house-is-shopping-around-legislation-to-tax-social-media-ads\/","url_meta":{"origin":621599,"position":3},"title":"House is shopping around legislation to tax social media ads","author":"enterpriseam admin","date":"25 June 2018","format":false,"excerpt":"LEGISLATION WATCH- House is shopping around legislation to tax social media ads: A draft law to tax Egyptian advertisers for their social media spends apparently exists and is already floating around in the House of Representatives, MPs tell Egypt Independent. The proposal would tax both paid and unpaid ads (how\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":598172,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/16\/egypts-cabinet-idsc-denies-18-tax-on-social-media-advertising\/","url_meta":{"origin":621599,"position":4},"title":"Egypt\u2019s cabinet IDSC denies 18% tax on social media advertising","author":"enterpriseam admin","date":"16 May 2019","format":false,"excerpt":"Gov\u2019t denies 18% social media ad tax is already in place, but says it is working on a 15-20% levy: The Cabinet Information and Decision Support Center has issued a statement denying a report earlier this week in Al Malthat the Finance Ministry has begun requiring that advertisers charge an\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":626666,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/finmin-takes-next-step-in-taxing-e-commerce-social-media-ad-buys\/","url_meta":{"origin":621599,"position":5},"title":"FinMin takes next step in taxing e-commerce, social media ad buys","author":"enterpriseam admin","date":"9 July 2018","format":false,"excerpt":"EXCLUSIVE- FinMin takes next step in taxing online ad buys and e-commerce transactions: A Finance Ministry committee is looking into setting up a tax formula for ads on social media and e-commerce transactions, ministry sources tell Enterprise. The committee looking at Organisation for Economic Co-operation and Development (OECD) best practices\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621599","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=621599"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621599\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/621586"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=621599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=621599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=621599"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=621599"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=621599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}