{"id":621957,"date":"2018-11-22T04:22:21","date_gmt":"2018-11-22T04:22:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/govt-looks-to-raise-stamp-tax-on-phone-lines\/"},"modified":"2018-11-22T04:22:21","modified_gmt":"2018-11-22T04:22:21","slug":"govt-looks-to-raise-stamp-tax-on-phone-lines","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/govt-looks-to-raise-stamp-tax-on-phone-lines\/","title":{"rendered":"Gov\u2019t looks to raise stamp tax on phone lines"},"content":{"rendered":"

EXCLUSIVE- Gov\u2019t looks to raise stamp tax on phone lines:<\/strong> The Finance Ministry could raise the stamp tax on phone lines through legislative amendments now on the drafting table, a ministry source told Enterprise. Mobile network customers currently pay EGP 6 a year in stamp tax dues for their credit usage, whether that be under a monthly payment plan or phone top-up cards. The ministry will hold meetings with the National Telecommunications Regulatory Authority (NTRA) and mobile network operators to decide how much the stamp tax will increase. The ministry could raise the fees by 2-4x. A senior government official had told us last month<\/a> that the ministry was mulling raising the stamp tax or introducing an entirely different fee to replace the EGP 50 levy imposed on new phone lines at the start of the fiscal year in July.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Gov\u2019t looks to raise stamp tax on phone lines: The Finance Ministry could raise the stamp tax on phone lines through legislative amendments now on the drafting table, a ministry source told Enterprise. Mobile network customers currently pay EGP 6 a year in stamp tax dues for their credit usage, whether that be under […]<\/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":[214,72,276,378,2380,766],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621957","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cit","tag-enterpriseam","tag-finance-ministry","tag-national-telecom-regulatory-authority","tag-speed-round","tag-stamp-tax","wpautop","entry"],"acf":{"mongo_id":"1a87ca80-732d-4431-a673-a82d51c99783","order":"0","is_powered_by":true,"section_story_id":"8fec468b-4add-4204-b6cf-7f453173fbe7","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621939],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t looks to raise stamp tax on phone lines - 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\/22\/govt-looks-to-raise-stamp-tax-on-phone-lines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t looks to raise stamp tax on phone lines\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Gov\u2019t looks to raise stamp tax on phone lines: The Finance Ministry could raise the stamp tax on phone lines through legislative amendments now on the drafting table, a ministry source told Enterprise. 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The minister denied our report from yesterday that proposed amendments to the Stamp Tax Act would see the tax and fees hiked on electricity consumption, banking transactions, car\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":603089,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/finmin-decides-to-raise-stamp-tax-on-mobile-phone-bills-to-egp-12\/","url_meta":{"origin":621957,"position":2},"title":"FinMin decides to raise stamp tax on mobile phone bills to EGP 12","author":"enterpriseam admin","date":"15 April 2019","format":false,"excerpt":"EXCLUSIVE- FinMin committee examines stamp tax overhaul: A Finance Ministry committee is looking would could be a \u201clarge number\u201d of amendments to the outdated Stamp Tax Act, with one likely change involving doubling the annual stamp tax on pre-paid mobile phone lines to EGP 12, a senior government official tells\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":[]},{"id":623368,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/29\/egyptian-govt-studies-raising-stamp-tax-duties-on-insurance-construction-mining-sectors\/","url_meta":{"origin":621957,"position":3},"title":"Egyptian gov\u2019t studies raising stamp tax duties on insurance, construction, mining sectors","author":"enterpriseam admin","date":"29 October 2018","format":false,"excerpt":"** #1 EXCLUSIVE- Gov\u2019t studies raising stamp tax on select activities in insurance, construction, mining sectors: The government is studying raising the stamp tax payable for select activities in sectors including insurance, real estate and mining, Finance Ministry sources told Enterprise. 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