{"id":628082,"date":"2018-06-25T04:52:54","date_gmt":"2018-06-25T04:52:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/leasing-and-factoring-act-to-impose-vat-on-lease-contracts\/"},"modified":"2018-06-25T04:52:54","modified_gmt":"2018-06-25T04:52:54","slug":"leasing-and-factoring-act-to-impose-vat-on-lease-contracts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/leasing-and-factoring-act-to-impose-vat-on-lease-contracts\/","title":{"rendered":"Leasing and Factoring Act to impose VAT on lease contracts"},"content":{"rendered":"

Meanwhile, the new Leasing and Factoring Act imposes VAT on lease contracts: <\/strong>The Leasing and Factoring Act, which the House of Representatives approved on Saturday<\/a>, revokes VAT-exempt status previously granted to lease contracts, according to Al Mal<\/a>. Several leasing companies have come out strongly against the imposition of the tax, CorpLease General Counsel Salah Youssef tells the newspaper. Tax exemptions were one of the primary perks of using leasing as a non-banking financing tool, and imposing taxes on these contracts will likely slow industry growth, Youssef added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Meanwhile, the new Leasing and Factoring Act imposes VAT on lease contracts: The Leasing and Factoring Act, which the House of Representatives approved on Saturday, revokes VAT-exempt status previously granted to lease contracts, according to Al Mal. Several leasing companies have come out strongly against the imposition of the tax, CorpLease General Counsel Salah Youssef […]<\/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-628082","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c18fc02b-9bfb-40f8-91fb-79ca866b2e79","order":"0","is_powered_by":true,"section_story_id":"8a3b376b-9173-4e2f-aad4-d49f6b671955","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628075],"teaser":"","voice_url":""},"yoast_head":"\nLeasing and Factoring Act to impose VAT on lease contracts - 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\/25\/leasing-and-factoring-act-to-impose-vat-on-lease-contracts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leasing and Factoring Act to impose VAT on lease contracts\" \/>\n<meta property=\"og:description\" content=\"Meanwhile, the new Leasing and Factoring Act imposes VAT on lease contracts: The Leasing and Factoring Act, which the House of Representatives approved on Saturday, revokes VAT-exempt status previously granted to lease contracts, according to Al Mal. Several leasing companies have come out strongly against the imposition of the tax, CorpLease General Counsel Salah Youssef […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/leasing-and-factoring-act-to-impose-vat-on-lease-contracts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-25T04:52:54+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\/06\/25\/leasing-and-factoring-act-to-impose-vat-on-lease-contracts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/leasing-and-factoring-act-to-impose-vat-on-lease-contracts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Leasing and Factoring Act to impose VAT on lease contracts\",\"datePublished\":\"2018-06-25T04:52:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/leasing-and-factoring-act-to-impose-vat-on-lease-contracts\/\"},\"wordCount\":97,\"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\/25\/leasing-and-factoring-act-to-impose-vat-on-lease-contracts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/leasing-and-factoring-act-to-impose-vat-on-lease-contracts\/\",\"name\":\"Leasing and Factoring Act to impose VAT on lease contracts - 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The bill, which will now be passed to the Council of State (Maglis Al Dawla) for review, adds clauses to regulate SME\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":600363,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/egypts-fra-to-finalize-leasing-and-factoring-act-executive-regs-by-end-march\/","url_meta":{"origin":628082,"position":1},"title":"Egypt\u2019s FRA to finalize Leasing and Factoring Act executive regs by end-March","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"REGULATION WATCH- FRA to finalize Leasing and Factoring Act regulations by end-March: The Financial Regulatory Authority (FRA) is set to finalize by the end of March the executive regulations for the Leasing and Factoring Act, sources familiar with the matter said. The authority will outline in the coming two months\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":596191,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/20\/at-lease-to-launch-factoring-sme-focused-leasing-services-in-1q2020\/","url_meta":{"origin":628082,"position":2},"title":"AT Lease to launch factoring, SME-focused leasing services in 1Q2020","author":"enterpriseam admin","date":"20 August 2019","format":false,"excerpt":"Al Tawfeek Leasing is planning to begin offering factoring and leasing services for SMEs during 1Q2020, CEO Tarek Fahmy has said. The company had been planning to launch these services before the end of the year.","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":602087,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end\/","url_meta":{"origin":628082,"position":3},"title":"AT Lease to launch new factoring and SMEs leasing operations before year-end","author":"enterpriseam admin","date":"18 March 2019","format":false,"excerpt":"Al Tawfeek Leasing (AT Lease) will launch before year-end factoring and SME-targeted leasing operations, according to a press release (pdf). The company will relocate to larger headquarters as a prerequisite to obtaining the necessary licensing for the new activities, and in the process double its workforce. The company has been\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":628051,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/house-approves-leasing-and-factoring-act\/","url_meta":{"origin":628082,"position":4},"title":"House approves Leasing and Factoring Act","author":"enterpriseam admin","date":"24 June 2018","format":false,"excerpt":"LEGISLATION WATCH- House approves Leasing and Factoring Act: The House of Representatives gave its final approval to the Leasing and Factoring Act during a plenary session yesterday, Al Masry Al Youm reports. The law, which regulates leasing and factoring as non-banking financing tools that are subject to oversight by 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":568735,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/02\/at-lease-obtains-factoring-license\/","url_meta":{"origin":628082,"position":5},"title":"AT Lease obtains factoring license","author":"enterpriseam admin","date":"2 February 2020","format":false,"excerpt":"AT Lease has received a final license to provide factoring services for SMEs, according to abourse disclosure (pdf). Tarek Fahmy had said last year the company planned to begin offering factoring and leasing services the first quarter of this year.","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=628082"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628082\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628075"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628082"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628082"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}