{"id":627852,"date":"2018-06-13T04:25:48","date_gmt":"2018-06-13T04:25:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/funds-investing-in-vocational-training-could-see-tax-exemptions-under-the-smes-act\/"},"modified":"2018-06-13T04:25:48","modified_gmt":"2018-06-13T04:25:48","slug":"funds-investing-in-vocational-training-could-see-tax-exemptions-under-the-smes-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/funds-investing-in-vocational-training-could-see-tax-exemptions-under-the-smes-act\/","title":{"rendered":"Funds investing in vocational training could see tax exemptions under the SMEs Act"},"content":{"rendered":"

Also on the SME front, the proposed SMEs Act could grant tax exemptions to funds investing in vocational training ventures<\/strong>, Vice Minister of Finance Mohamed Maait reportedly said<\/a>. The funds would have to be established specifically to meet that goal, he added. The SMEs Act, which is currently being drafted by the Finance Ministry, is designed to bring small businesses into the formal economy, primarily through tax breaks and by making it easier to file tax returns. Ministry sources told us<\/a> earlier this week that the proposals for the law include setting a nominal 1% tax on revenues of small businesses earning more than EGP 1 mn a year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Also on the SME front, the proposed SMEs Act could grant tax exemptions to funds investing in vocational training ventures, Vice Minister of Finance Mohamed Maait reportedly said. The funds would have to be established specifically to meet that goal, he added. The SMEs Act, which is currently being drafted by the Finance Ministry, is […]<\/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-627852","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ef07d513-2046-453d-b416-5aeb24fdeebb","order":"0","is_powered_by":true,"section_story_id":"e5ae757b-6355-4c8d-9c53-9c50e4949ba6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627836],"teaser":"","voice_url":""},"yoast_head":"\nFunds investing in vocational training could see tax exemptions under the SMEs Act - 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\/06\/13\/funds-investing-in-vocational-training-could-see-tax-exemptions-under-the-smes-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Funds investing in vocational training could see tax exemptions under the SMEs Act\" \/>\n<meta property=\"og:description\" content=\"Also on the SME front, the proposed SMEs Act could grant tax exemptions to funds investing in vocational training ventures, Vice Minister of Finance Mohamed Maait reportedly said. The funds would have to be established specifically to meet that goal, he added. The SMEs Act, which is currently being drafted by the Finance Ministry, is […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/funds-investing-in-vocational-training-could-see-tax-exemptions-under-the-smes-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-13T04:25:48+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/funds-investing-in-vocational-training-could-see-tax-exemptions-under-the-smes-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/funds-investing-in-vocational-training-could-see-tax-exemptions-under-the-smes-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Funds investing in vocational training could see tax exemptions under the SMEs Act\",\"datePublished\":\"2018-06-13T04:25:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/funds-investing-in-vocational-training-could-see-tax-exemptions-under-the-smes-act\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/funds-investing-in-vocational-training-could-see-tax-exemptions-under-the-smes-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/funds-investing-in-vocational-training-could-see-tax-exemptions-under-the-smes-act\/\",\"name\":\"Funds investing in vocational training could see tax exemptions under the SMEs Act - 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Speaking of inclusion, the Finance Ministry may be modifying previously outlined plans to offer SMEs of a certain size full or partial tax exemptions to enter the formal economy as part of 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":567385,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/house-committee-wants-to-expand-tax-incentives-under-smes-act\/","url_meta":{"origin":627852,"position":1},"title":"House committee wants to expand tax incentives under SMEs Act","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"LEGISLATION WATCH- House committee wants to expand tax incentives under SMEs Act: The House SMEs Committee has sent a proposal to the Finance Ministry to exempt SMEs from all taxes for five years under the draft SMEs Act, committee deputy chair Hala Abou El Saad said. As it currently stands,\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\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627093,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/finmin-backtracks-on-massive-tax-breaks-to-smes-for-joining-the-formal-economy\/","url_meta":{"origin":627852,"position":2},"title":"FinMin backtracks on massive tax breaks to SMEs for joining the formal economy","author":"enterpriseam admin","date":"19 July 2018","format":false,"excerpt":"EXCLUSIVE- FinMin backtracks on massive tax breaks to SMEs for joining the formal economy: The Finance Ministry has formed a committee to revisit the draft SMEs Act, which lays out incentives for small businesses to join the formal economy, a government source told us this week. 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