{"id":622791,"date":"2018-10-11T04:35:51","date_gmt":"2018-10-11T04:35:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/finmin-agrees-to-exempt-profits-on-fixed-income-investments-from-income-tax\/"},"modified":"2018-10-11T04:35:51","modified_gmt":"2018-10-11T04:35:51","slug":"finmin-agrees-to-exempt-profits-on-fixed-income-investments-from-income-tax","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/finmin-agrees-to-exempt-profits-on-fixed-income-investments-from-income-tax\/","title":{"rendered":"FinMin agrees to exempt profits on fixed income investments from income tax"},"content":{"rendered":"

The Finance Ministry has agreed to exempt fixed income investors from paying a 2.5% income tax on the profits they make from their investments, member of the Financial Regulatory Authority\u2019s (FRA) consultative committee, Essam Khalifa, tells Al Mal<\/a>. According to Khalifa, the ministry\u2019s decision grants the same exemption applied to profits from investment funds under the Income Tax Law<\/a>. The move is meant to level the playing field between the two types of investments, which both involve debt instruments but only differ in the tenor of the debt.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry has agreed to exempt fixed income investors from paying a 2.5% income tax on the profits they make from their investments, member of the Financial Regulatory Authority\u2019s (FRA) consultative committee, Essam Khalifa, tells Al Mal. According to Khalifa, the ministry\u2019s decision grants the same exemption applied to profits from investment funds 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":[9346],"tags":[2376,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622791","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-egypt-politics-economics","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"388cba1d-b30f-4bee-aaf0-1fbadd7a7825","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"FinMin agrees to exempt profits on fixed income investments from income tax","related_issue":[622753],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.86274454-84b5-420f-8261-ec9b4dbfbc26.mp3"},"yoast_head":"\nFinMin agrees to exempt profits on fixed income investments from income tax - 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\/10\/11\/finmin-agrees-to-exempt-profits-on-fixed-income-investments-from-income-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin agrees to exempt profits on fixed income investments from income tax\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry has agreed to exempt fixed income investors from paying a 2.5% income tax on the profits they make from their investments, member of the Financial Regulatory Authority\u2019s (FRA) consultative committee, Essam Khalifa, tells Al Mal. According to Khalifa, the ministry\u2019s decision grants the same exemption applied to profits from investment funds under […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/finmin-agrees-to-exempt-profits-on-fixed-income-investments-from-income-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-11T04:35:51+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/finmin-agrees-to-exempt-profits-on-fixed-income-investments-from-income-tax\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/finmin-agrees-to-exempt-profits-on-fixed-income-investments-from-income-tax\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FinMin agrees to exempt profits on fixed income investments from income tax\",\"datePublished\":\"2018-10-11T04:35:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/finmin-agrees-to-exempt-profits-on-fixed-income-investments-from-income-tax\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt Politics + Economics\",\"EnterpriseAM\"],\"articleSection\":[\"Egypt Politics + Economics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/finmin-agrees-to-exempt-profits-on-fixed-income-investments-from-income-tax\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/finmin-agrees-to-exempt-profits-on-fixed-income-investments-from-income-tax\/\",\"name\":\"FinMin agrees to exempt profits on fixed income investments from income tax - 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A senior government source we spoke with suggests that a significant portion of the demand for EGP debt is being driven by an upcoming change in the tax code. The\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":573837,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/19\/egypt-to-revoke-tax-exemptions-for-some-institutions-that-invest-in-govt-debt\/","url_meta":{"origin":622791,"position":1},"title":"Egypt to revoke tax exemptions for some institutions that invest in gov\u2019t debt","author":"enterpriseam admin","date":"19 August 2020","format":false,"excerpt":"Finance ministry is closing a tax loophole that gives a break to some state institutions and insurers that invest in state debt: The state treasury expects to net as much as EGP 34 bn in additional income from a bill currently making its way through the House of Representatives that\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\/8\/154.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621949,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/govt-to-force-banks-to-separately-account-for-income-from-holdings-of-state-debt\/","url_meta":{"origin":622791,"position":2},"title":"Gov\u2019t to force banks to separately account for income from holdings of state debt","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"Banks will be required to separately account for their earnings on holdings of t-bills and gov\u2019t bonds: The Madbouly Cabinet approved yesterday amendments to the Income Tax Act that will, if enacted, force banks and financial institutions separately account on their income statements for returns from their investments in government\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":603404,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/government-to-set-cost-to-income-ratio-at-70-under-new-banks-tax-treatment\/","url_meta":{"origin":622791,"position":3},"title":"Government to set cost-to-income ratio at 70% under new banks tax treatment","author":"enterpriseam admin","date":"22 April 2019","format":false,"excerpt":"EXCLUSIVE- Gov\u2019t to set cost-to-income ratio at 70% under new bank tax treatment of investments in treasuries, plans to scrap annual increase: The Finance Ministry is planning to amend the way banks will calculate their cost-to-income ratio for their holdings of government debt under the new tax treatment. The move\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":604988,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/al-baraka-bank-egypt-expects-new-tax-treatment-to-hit-2019-profits\/","url_meta":{"origin":622791,"position":4},"title":"Al Baraka Bank Egypt expects new tax treatment to hit 2019 profits","author":"enterpriseam admin","date":"18 December 2018","format":false,"excerpt":"Al Baraka Bank expects its 2019 profits to decline by 5-7% as a result of proposed amendments to the tax treatment of bank income from government debt, if they are approved, the bank said in an EGX disclosure (pdf). 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