{"id":634090,"date":"2018-01-04T04:05:14","date_gmt":"2018-01-04T04:05:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth\/"},"modified":"2018-01-04T04:05:14","modified_gmt":"2018-01-04T04:05:14","slug":"tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth\/","title":{"rendered":"Tax Authority reportedly takes action to seize EGP 990 mn from GTH"},"content":{"rendered":"

<\/a> Tax Authority reportedly takes action to seize EGP 990 mn from GTH: <\/strong>Global Telecom Holding (GTH) said it has received information about, but not formal service of, an administrative seizure order by the Egyptian Tax Authority (ETA) concerning its local bank accounts for a contested amount of EGP 990 mn. GTH says it has been contesting<\/a> ETA\u2019s claim in good faith and that senior management of the company were not made aware for this activity until 31 December 2017 and promptly provided initial notification to the EGX prior to the start of trading on 2 January. GTH says it will contest the unilateral seizure action by the ETA and will continue honoring all of its obligations. The contested amount is regarding 2016 disputed tax claims.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tax Authority reportedly takes action to seize EGP 990 mn from GTH: Global Telecom Holding (GTH) said it has received information about, but not formal service of, an administrative seizure order by the Egyptian Tax Authority (ETA) concerning its local bank accounts for a contested amount of EGP 990 mn. GTH says it has been […]<\/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-634090","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e8e1937c-c0d4-4f47-8822-dacec373d6d8","order":"0","is_powered_by":true,"section_story_id":"355f3732-e395-419c-937a-12fa0418cc60","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634080],"teaser":"","voice_url":""},"yoast_head":"\nTax Authority reportedly takes action to seize EGP 990 mn from GTH - 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\/01\/04\/tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Authority reportedly takes action to seize EGP 990 mn from GTH\" \/>\n<meta property=\"og:description\" content=\"Tax Authority reportedly takes action to seize EGP 990 mn from GTH: Global Telecom Holding (GTH) said it has received information about, but not formal service of, an administrative seizure order by the Egyptian Tax Authority (ETA) concerning its local bank accounts for a contested amount of EGP 990 mn. GTH says it has been […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-04T04:05:14+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\/01\/04\/tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Tax Authority reportedly takes action to seize EGP 990 mn from GTH\",\"datePublished\":\"2018-01-04T04:05:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth\/\"},\"wordCount\":131,\"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\/01\/04\/tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth\/\",\"name\":\"Tax Authority reportedly takes action to seize EGP 990 mn from GTH - 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The hold on EGP 990 mn in GTH\u2019s Egyptian bank accounts is \u201cnormal procedure\u201d the source says. GTH had said it was going to\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":599415,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/gth-signs-dispute-settlement-agreement-with-egypts-tax-authority-fra-approves-veon-mto\/","url_meta":{"origin":634090,"position":1},"title":"GTH signs dispute settlement agreement with Egypt\u2019s Tax Authority, FRA approves Veon MTO","author":"enterpriseam admin","date":"27 June 2019","format":false,"excerpt":"GTH signs tax settlement agreement, regulator approves Veon\u2019s MTO, ending the years-long saga: Veon subsidiary Global Telecom Holding (GTH) signed a USD 136 mn tax settlement agreement with the Egyptian Tax Authority, GTH said in a bourse filing (pdf). GTH has called for a shareholders\u2019 meeting on 27 August to\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\/2019\/2\/1049.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598825,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/veon-agrees-to-pay-egp-2-2-bn-to-settle-gths-tax-dispute\/","url_meta":{"origin":634090,"position":2},"title":"Veon agrees to pay EGP 2.2 bn to settle GTH\u2019s tax dispute","author":"enterpriseam admin","date":"10 June 2019","format":false,"excerpt":"EXCLUSIVE- Veon looks set to pay up to EGP 2.2 bn to settle Global Telecom Holding\u2019s tax dispute in Egypt: Telecom group Veon has agreed in principle to pay as much as EGP 2.2 bn to end a tax dispute between Egypt\u2019s Tax Authority and Veon subsidiary Global Telecom Holding\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\/2019\/2\/1049.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594916,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/gth-finishes-paying-usd-136-mn-settlement-to-tax-authority\/","url_meta":{"origin":634090,"position":3},"title":"GTH finishes paying USD 136 mn settlement to Tax Authority","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"DISPUTE WATCH- GTH finishes paying USD 136 mn settlement to Tax Authority: The dispute between Global Telecom Holding (GTH) and the Tax Authority finally came to a close yesterday after GTH finished paying its USD 136 mn tax settlement, the authority said in a statement picked up by Mubasher. GTH\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":596959,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/veon-nearly-completes-mto-of-42-3-of-global-telecom-holding\/","url_meta":{"origin":634090,"position":4},"title":"Veon nearly completes MTO of 42.3% of Global Telecom Holding","author":"enterpriseam admin","date":"14 July 2019","format":false,"excerpt":"M&A WATCH- GTH nearly completes sale of 42.3% stake to Veon: Global Telecom Holding (GTH) shareholders have completed the sale of 37% of the 1.99 bn shares in a mandatory tender offer (MTO) launched by majority shareholder Veon to acquire 42.3% of the company, the local press reported. Shareholders offered\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":596630,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/gth-board-cancels-shareholders-meeting-over-the-planned-capital-increase\/","url_meta":{"origin":634090,"position":5},"title":"GTH board cancels shareholders meeting over the planned capital increase","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"M&A WATCH- Global Telecom MTO progresses after tax dispute resolution: Global Telecom Holding (GTH) shareholders have offered to sell 37% of the 1.99 bn shares targeted in a mandatory tender offer launched by majority shareholder Veon to acquire 42.3% of GTH, according to Al Mal. 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