{"id":634139,"date":"2018-01-08T04:06:13","date_gmt":"2018-01-08T04:06:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/tax-authoritys-seizure-of-gths-bank-accounts-relates-to-2005-tax-dispute-source\/"},"modified":"2018-01-08T04:06:13","modified_gmt":"2018-01-08T04:06:13","slug":"tax-authoritys-seizure-of-gths-bank-accounts-relates-to-2005-tax-dispute-source","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/tax-authoritys-seizure-of-gths-bank-accounts-relates-to-2005-tax-dispute-source\/","title":{"rendered":"Tax Authority\u2019s seizure of GTH\u2019s bank accounts relates to 2005 tax dispute -source"},"content":{"rendered":"

An administrative freeze on Global Telecom Holdings (GTH)\u2019s bank accounts is related to <\/strong>a 2005 tax dispute<\/strong>, a source at the Tax Authority told Al Mal<\/a>. The hold on EGP 990 mn in GTH\u2019s Egyptian bank accounts is \u201cnormal procedure\u201d the source says. GTH had said<\/a> it was going to appeal the decision and that it will continue to honor all of its obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"

An administrative freeze on Global Telecom Holdings (GTH)\u2019s bank accounts is related to a 2005 tax dispute, a source at the Tax Authority told Al Mal. 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 appeal the decision and that […]<\/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-634139","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"924f2914-2802-49ab-be74-17425dcbcfc9","order":"0","is_powered_by":true,"section_story_id":"e8af2e1c-155b-4036-9227-20ce27116ca6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634130],"teaser":"","voice_url":""},"yoast_head":"\nTax Authority\u2019s seizure of GTH\u2019s bank accounts relates to 2005 tax dispute -source - 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\/08\/tax-authoritys-seizure-of-gths-bank-accounts-relates-to-2005-tax-dispute-source\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Authority\u2019s seizure of GTH\u2019s bank accounts relates to 2005 tax dispute -source\" \/>\n<meta property=\"og:description\" content=\"An administrative freeze on Global Telecom Holdings (GTH)\u2019s bank accounts is related to a 2005 tax dispute, a source at the Tax Authority told Al Mal. 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 appeal the decision and that […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/tax-authoritys-seizure-of-gths-bank-accounts-relates-to-2005-tax-dispute-source\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-08T04:06:13+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\/01\/08\/tax-authoritys-seizure-of-gths-bank-accounts-relates-to-2005-tax-dispute-source\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/tax-authoritys-seizure-of-gths-bank-accounts-relates-to-2005-tax-dispute-source\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Tax Authority\u2019s seizure of GTH\u2019s bank accounts relates to 2005 tax dispute -source\",\"datePublished\":\"2018-01-08T04:06:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/tax-authoritys-seizure-of-gths-bank-accounts-relates-to-2005-tax-dispute-source\/\"},\"wordCount\":78,\"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\/08\/tax-authoritys-seizure-of-gths-bank-accounts-relates-to-2005-tax-dispute-source\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/tax-authoritys-seizure-of-gths-bank-accounts-relates-to-2005-tax-dispute-source\/\",\"name\":\"Tax Authority\u2019s seizure of GTH\u2019s bank accounts relates to 2005 tax dispute -source - 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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":596130,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/19\/gth-board-approves-veons-offer-to-acquire-usd-2-3-bn-assets\/","url_meta":{"origin":634139,"position":2},"title":"GTH board approves Veon\u2019s offer to acquire USD 2.3 bn assets","author":"enterpriseam admin","date":"19 August 2019","format":false,"excerpt":"GTH board approves Veon\u2019s offer to acquire USD 2.3 bn assets: Global Telecom Holding\u2019s (GTH) board of directors has approved Veon\u2019s offer to acquire all of GTH\u2019s operating assets for USD 2.3 bn, GTH said in a bourse filing (pdf). Veon will acquire the company\u2019s stakes in Jazz, Bangalink, Djezzy\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":634139,"position":3},"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. The MTO kicked off yesterday,\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":632984,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/earnings-watch-nbk-egypt-gth\/","url_meta":{"origin":634139,"position":4},"title":"Earnings watch: NBK Egypt, GTH","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"EARNINGS WATCH- The National Bank of Kuwait Egypt reported a 77.07% y-o-y jump in net profit to EGP 1.5 bn in FY2017, according to the company\u2019s earnings release (pdf).EARNINGS WATCH- Global Telecom Holding (GTH) reported a net loss attributable to shareholders of USD 133 mn in 4Q2017, down from a\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":602496,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/global-telecom-unable-to-pay-egp-5-bn-in-due-taxes-amid-company-losses\/","url_meta":{"origin":634139,"position":5},"title":"Global Telecom unable to pay EGP 5 bn in due taxes amid company losses","author":"enterpriseam admin","date":"28 March 2019","format":false,"excerpt":"Global Telecom Holding (GTH)\u2019s general assembly yesterday voted to continue operations despite losses that have surpassed 50% of shareholders\u2019 total equity as the company recorded losses of USD 64.7 mn last year. Earlier this week GTH\u2019s board of directors approved a three-month extension on the maturity of a USD 100\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"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\/634139","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=634139"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634139\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/634130"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=634139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=634139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=634139"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=634139"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=634139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}