{"id":635836,"date":"2017-12-14T03:41:51","date_gmt":"2017-12-14T03:41:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/"},"modified":"2017-12-14T03:41:51","modified_gmt":"2017-12-14T03:41:51","slug":"taxing-online-ads-sold-by-facebook-google","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/","title":{"rendered":"Taxing online ads sold by Facebook, Google?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Taxing online ads sold by Facebook, Google? <\/strong>Rep. Mostafa Bakry is planning to draft legislation that would compel social media platforms to pay taxes on advertising they sell in Egypt. Bakry <a href=\"http:\/\/www.youm7.com\/story\/2017\/12\/13\/%D9%85%D8%B5%D8%B7%D9%81%D9%89-%D8%A8%D9%83%D8%B1%D9%89-%D8%B3%D8%A3%D8%AA%D9%82%D8%AF%D9%85-%D8%A8%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D9%84%D9%81%D8%B1%D8%B6-%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B3%D9%88%D8%B4%D9%8A%D8%A7%D9%84-%D9%85%D9%8A%D8%AF%D9%8A%D8%A7\/3553938\">tells Youm7<\/a> that his proposed bill \u2014 which primarily takes aim at Facebook and Twitter, as well as Google \u2014 would level the playing field between print and electronic media, since the former is subject to stamp tax and income tax in Egypt. The MP apparently found inspiration in a similar measure discussed by European Union states <a href=\"https:\/\/www.reuters.com\/article\/us-eu-tax-digital\/eu-lost-up-to-5-4-billion-euros-in-tax-revenues-from-google-facebook-report-idUSKCN1BO226\">earlier this year<\/a>. <strong>Our take: <\/strong>Make Google, Facebook and others charge VAT here on ad sales and abolish the stamp tax on advertising.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taxing online ads sold by Facebook, Google? Rep. Mostafa Bakry is planning to draft legislation that would compel social media platforms to pay taxes on advertising they sell in Egypt. Bakry tells Youm7 that his proposed bill \u2014 which primarily takes aim at Facebook and Twitter, as well as Google \u2014 would level the playing [&hellip;]<\/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-635836","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"443706ae-c562-4eec-9735-8b7c8645f2fe","order":"0","is_powered_by":true,"section_story_id":"2d78bd99-9d2b-4775-b340-1399d661be8d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635822],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Taxing online ads sold by Facebook, Google? - 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\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taxing online ads sold by Facebook, Google?\" \/>\n<meta property=\"og:description\" content=\"Taxing online ads sold by Facebook, Google? Rep. Mostafa Bakry is planning to draft legislation that would compel social media platforms to pay taxes on advertising they sell in Egypt. Bakry tells Youm7 that his proposed bill \u2014 which primarily takes aim at Facebook and Twitter, as well as Google \u2014 would level the playing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-14T03:41:51+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\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Taxing online ads sold by Facebook, Google?\",\"datePublished\":\"2017-12-14T03:41:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/\"},\"wordCount\":116,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/\",\"name\":\"Taxing online ads sold by Facebook, Google? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-12-14T03:41:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Taxing online ads sold by Facebook, Google?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Taxing online ads sold by Facebook, Google? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/taxing-online-ads-sold-by-facebook-google\/","og_locale":"en_US","og_type":"article","og_title":"Taxing online ads sold by Facebook, Google?","og_description":"Taxing online ads sold by Facebook, Google? Rep. Mostafa Bakry is planning to draft legislation that would compel social media platforms to pay taxes on advertising they sell in Egypt. 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The move will require some change to legislation, the story suggests, and comes after we reported\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":622917,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/16\/online-retailers-now-have-to-charge-and-remit-vat\/","url_meta":{"origin":635836,"position":1},"title":"Online retailers now have to charge and remit VAT","author":"enterpriseam admin","date":"16 October 2018","format":false,"excerpt":"** #4 EXCLUSIVE- Online retailers now have to charge and remit VAT: The Finance Ministry has notified e-commerce platforms, including Souq, Jumia, and OLX, that they will be required to begin charging value-added tax (VAT) on all transactions in goods that would be subject to VAT if sold offline, government\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":602672,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/finmin-looks-to-tax-the-living-daylights-out-of-social-media-ads-e-commerce-players\/","url_meta":{"origin":635836,"position":2},"title":"FinMin looks to tax the living daylights out of social media ads, e-commerce players","author":"enterpriseam admin","date":"3 April 2019","format":false,"excerpt":"EXCLUSIVE- FinMin looks to tax the living daylights out of social media ads, e-commerce players: The Finance Ministry is moving ahead with plans to impose a mix of VAT, income, stamp, and development taxes on social media and e-commerce platforms and internet search ads, a senior government official told Enterprise.\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/2118.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600194,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/finmin-wants-to-impose-stamp-tax-on-social-media-ads-of-up-to-20\/","url_meta":{"origin":635836,"position":3},"title":"FinMin wants to impose stamp tax on social media ads of up to 20%","author":"enterpriseam admin","date":"22 January 2019","format":false,"excerpt":"EXCLUSIVE- FinMin could impose stamp tax of up to 20% on social media ads: The Finance Ministry appears set to impose a stamp tax on social media and internet search ads and has completed drafting legislation to that effect, a senior ministry source told Enterprise. Companies running ads on social\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/59.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628081,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/house-is-shopping-around-legislation-to-tax-social-media-ads\/","url_meta":{"origin":635836,"position":4},"title":"House is shopping around legislation to tax social media ads","author":"enterpriseam admin","date":"25 June 2018","format":false,"excerpt":"LEGISLATION WATCH- House is shopping around legislation to tax social media ads: A draft law to tax Egyptian advertisers for their social media spends apparently exists and is already floating around in the House of Representatives, MPs tell Egypt Independent. The proposal would tax both paid and unpaid ads (how\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598126,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/government-to-collect-vat-from-download-sites\/","url_meta":{"origin":635836,"position":5},"title":"Government to collect VAT from download sites","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"EXCLUSIVE- Government to required download sites to charge and remit VAT: The Finance Ministry\u2019s central value-added tax department is currently compiling a list of websites that charge for the download of books, movies, and songs, all of whom will be required to charge and remit VAT, VAT Department Head Sayed\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635836","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=635836"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635836\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/635822"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=635836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=635836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=635836"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=635836"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=635836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}