{"id":623316,"date":"2018-10-28T03:50:36","date_gmt":"2018-10-28T03:50:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypts-finance-ministry-considers-canceling-levy-on-new-mobile-phone-lines-for-hampering-mno-sales\/"},"modified":"2018-10-28T03:50:36","modified_gmt":"2018-10-28T03:50:36","slug":"egypts-finance-ministry-considers-canceling-levy-on-new-mobile-phone-lines-for-hampering-mno-sales","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypts-finance-ministry-considers-canceling-levy-on-new-mobile-phone-lines-for-hampering-mno-sales\/","title":{"rendered":"Egypt\u2019s finance ministry considers canceling levy on new mobile phone lines for hampering MNO sales"},"content":{"rendered":"

<\/a>** #3 EXCLUSIVE- FinMin said to mull canceling fees on new mobile phone lines: <\/strong>The Finance Ministry is considering canceling a levy on new mobile phone line purchases that was imposed at the start of the fiscal year<\/a> in July, a senior government official told Enterprise. He explained that one-time EGP 50 duty on new lines \u2014 which was introduced as part of a package of new administrative service fees meant to help diversify the state\u2019s sources of income \u2014 is weighing down mobile network operators\u2019 sales and failing to generate any substantial revenues for state coffers. Officials are studying two alternative approaches that could see them either introduce a completely new service fee <\/strong>or double the stamp tax<\/strong> on mobile phone bills, our source said, adding that the latter is the more likely scenario, given how subtle the collection method is. The government currently collects EGP 6.00 a year from each mobile phone user in monthly increments of EGP 0.50.<\/p>\n","protected":false},"excerpt":{"rendered":"

** #3 EXCLUSIVE- FinMin said to mull canceling fees on new mobile phone lines: The Finance Ministry is considering canceling a levy on new mobile phone line purchases that was imposed at the start of the fiscal year in July, a senior government official told Enterprise. He explained that one-time EGP 50 duty on new […]<\/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":[214,72,276,2380,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623316","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cit","tag-enterpriseam","tag-finance-ministry","tag-speed-round","tag-tax","wpautop","entry"],"acf":{"mongo_id":"1b533729-43f0-4da6-8897-fa5b328084ae","order":"0","is_powered_by":true,"section_story_id":"4f29c25f-313e-4472-8571-911bccd5aeb6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623309],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s finance ministry considers canceling levy on new mobile phone lines for hampering MNO sales - 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\/28\/egypts-finance-ministry-considers-canceling-levy-on-new-mobile-phone-lines-for-hampering-mno-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s finance ministry considers canceling levy on new mobile phone lines for hampering MNO sales\" \/>\n<meta property=\"og:description\" content=\"** #3 EXCLUSIVE- FinMin said to mull canceling fees on new mobile phone lines: The Finance Ministry is considering canceling a levy on new mobile phone line purchases that was imposed at the start of the fiscal year in July, a senior government official told Enterprise. 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Finance Minister Mohamed Maait had said last week that the bill \u2014 which means to bring local customs laws in\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":623316,"position":3},"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":599891,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/14\/tax-authority-to-discuss-fees-on-new-mobile-phone-lines-with-mnos-following-drop-in-egypts-subscribers\/","url_meta":{"origin":623316,"position":4},"title":"Tax Authority to discuss fees on new mobile phone lines with MNOs following drop in Egypt\u2019s subscribers","author":"enterpriseam admin","date":"14 January 2019","format":false,"excerpt":"EXCLUSIVE- Tax Authority to discuss fees on new mobile phone lines with MNOs following drop in subscribers: The Tax Authority is set to meet tomorrow with representatives from Egypt\u2019s four mobile network operators to look into their grievances over a levy on new mobile phone line purchases that was imposed\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":624962,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/24\/govt-looks-to-collect-real-estate-taxes-on-billboards-cell-phone-towers\/","url_meta":{"origin":623316,"position":5},"title":"Gov\u2019t looks to collect real estate taxes on billboards, cell phone towers","author":"enterpriseam admin","date":"24 September 2018","format":false,"excerpt":"**#1 EXCLUSIVE- Hungry treasury looks to collect real estate taxes on billboards, cell phone towers: The government is looking to step up its collection of real estate taxes payable on sites used for billboards and mobile network towers, a government source tells Enterprise. 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