{"id":627007,"date":"2018-07-17T03:48:03","date_gmt":"2018-07-17T03:48:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/egypts-banks-and-finance-ministry-closing-in-on-agreement-to-settle-stamp-tax-disputes\/"},"modified":"2018-07-17T03:48:03","modified_gmt":"2018-07-17T03:48:03","slug":"egypts-banks-and-finance-ministry-closing-in-on-agreement-to-settle-stamp-tax-disputes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/egypts-banks-and-finance-ministry-closing-in-on-agreement-to-settle-stamp-tax-disputes\/","title":{"rendered":"Egypt\u2019s banks and Finance Ministry closing in on agreement to settle stamp tax disputes"},"content":{"rendered":"

EXCLUSIVE- Egypt\u2019s banks and Finance Ministry closing in on agreement to settle stamp tax disputes: <\/strong>The Finance Ministry and the Federation of Egyptian Banks (FEB) have agreed to settle outstanding issues concerning the stamp tax, Assistant to the Finance Minister Fathy Shaaban told Enterprise. A new agreement to set the new compromise framework will be signed on Thursday, which will serve as the basis to settle stamp tax disputes with banks on a case by case basis, he added. He noted that the ministry is engaged with around 1,000 tax disputes with various banks over multiple taxation issues. While he did not dive into the specifics of the disputes, previous reports dating back to 2015 had noted<\/a> that banks are not happy with forced to pay the stamp tax on assets seized from defaulters.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Egypt\u2019s banks and Finance Ministry closing in on agreement to settle stamp tax disputes: The Finance Ministry and the Federation of Egyptian Banks (FEB) have agreed to settle outstanding issues concerning the stamp tax, Assistant to the Finance Minister Fathy Shaaban told Enterprise. A new agreement to set the new compromise framework will be […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627007","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"34e070e5-5880-4dbb-bd3d-89ec1e65dd68","order":"0","is_powered_by":true,"section_story_id":"9fc47c02-cfc7-4473-b02b-81d2211554a6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626991],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s banks and Finance Ministry closing in on agreement to settle stamp tax disputes - 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\/07\/17\/egypts-banks-and-finance-ministry-closing-in-on-agreement-to-settle-stamp-tax-disputes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s banks and Finance Ministry closing in on agreement to settle stamp tax disputes\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Egypt\u2019s banks and Finance Ministry closing in on agreement to settle stamp tax disputes: The Finance Ministry and the Federation of Egyptian Banks (FEB) have agreed to settle outstanding issues concerning the stamp tax, Assistant to the Finance Minister Fathy Shaaban told Enterprise. 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An agreement is expected to be signed with the Tax Authority sometime this week to settle the cases\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622187,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypt-signs-agreement-with-united-bank-to-settle-tax-disputes-worth-egp-100-mn\/","url_meta":{"origin":627007,"position":2},"title":"Egypt signs agreement with United Bank to settle tax disputes worth EGP 100 mn","author":"enterpriseam admin","date":"28 November 2018","format":false,"excerpt":"The government has reached an agreement with United Bank to settle 43 tax dispute cases worth a combined total of EGP 100 mn, which primarily involved stamp tax disputes going back 30 years, according to Masrawy. The bank\u2019s settlement is part of the government\u2019s agreement with the banking sector to\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604819,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/finmin-to-work-with-egypts-banks-on-mitigating-the-impact-of-the-new-tax-treatment\/","url_meta":{"origin":627007,"position":3},"title":"FinMin to work with Egypt\u2019s banks on mitigating the impact of the new tax treatment","author":"enterpriseam admin","date":"13 December 2018","format":false,"excerpt":"EXCLUSIVE- Tax officials spreading oil on troubled waters after flap over tax treatment of bank holdings of gov\u2019t debt: Tax officials are actively working to smooth feathers ruffled by a proposed change to how bank income from investments in government debt is taxed. 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