{"id":638559,"date":"2017-10-09T03:45:26","date_gmt":"2017-10-09T03:45:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/leases-on-retail-space-at-malls-may-be-subject-to-value-added-tax\/"},"modified":"2017-10-09T03:45:26","modified_gmt":"2017-10-09T03:45:26","slug":"leases-on-retail-space-at-malls-may-be-subject-to-value-added-tax","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/leases-on-retail-space-at-malls-may-be-subject-to-value-added-tax\/","title":{"rendered":"Leases on retail space at malls may be subject to value-added tax"},"content":{"rendered":"

<\/a> Leases on retail space at malls may be subject to value-added tax:<\/strong> Reports have begun swirling that the Finance Ministry will declare that retail space at malls is to be subject to the value-added tax (VAT) a move that Al Borsa says<\/a> is upsetting real estate developers, who have in recent years been looking at retail space as a source of recurring revenue. The Tax Authority has \u201csuggested\u201d that it will impose VAT on commercial space rental, which Tarek Shoukry, head of the real estate developers division of the Federation of Egyptian Industries, claims would violate the act that created the VAT. A source from the Tax Authority tells the newspaper that the law does not exempt stores in malls from a 14% VAT. The source reportedly confirmed that the authority had sent notices to real estate firms that stores at malls will be taxed.<\/p>\n","protected":false},"excerpt":{"rendered":"

Leases on retail space at malls may be subject to value-added tax: Reports have begun swirling that the Finance Ministry will declare that retail space at malls is to be subject to the value-added tax (VAT) a move that Al Borsa says is upsetting real estate developers, who have in recent years been looking at […]<\/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-638559","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e841dd3b-6742-42c3-8641-40351d47884a","order":"0","is_powered_by":true,"section_story_id":"bb07799f-9504-4de7-aa64-31213829e9f9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638546],"teaser":"","voice_url":""},"yoast_head":"\nLeases on retail space at malls may be subject to value-added tax - 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\/10\/09\/leases-on-retail-space-at-malls-may-be-subject-to-value-added-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leases on retail space at malls may be subject to value-added tax\" \/>\n<meta property=\"og:description\" content=\"Leases on retail space at malls may be subject to value-added tax: Reports have begun swirling that the Finance Ministry will declare that retail space at malls is to be subject to the value-added tax (VAT) a move that Al Borsa says is upsetting real estate developers, who have in recent years been looking at […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/leases-on-retail-space-at-malls-may-be-subject-to-value-added-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-09T03:45:26+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\/10\/09\/leases-on-retail-space-at-malls-may-be-subject-to-value-added-tax\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/leases-on-retail-space-at-malls-may-be-subject-to-value-added-tax\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Leases on retail space at malls may be subject to value-added tax\",\"datePublished\":\"2017-10-09T03:45:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/leases-on-retail-space-at-malls-may-be-subject-to-value-added-tax\/\"},\"wordCount\":156,\"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\/10\/09\/leases-on-retail-space-at-malls-may-be-subject-to-value-added-tax\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/leases-on-retail-space-at-malls-may-be-subject-to-value-added-tax\/\",\"name\":\"Leases on retail space at malls may be subject to value-added tax - 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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":573302,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/real-estate-developers-oppose-vat-on-non-residential-properties\/","url_meta":{"origin":638559,"position":1},"title":"Real estate developers oppose VAT on non-residential properties","author":"enterpriseam admin","date":"28 July 2020","format":false,"excerpt":"LEGISLATION WATCH- Real estate developers oppose VAT on non-residential properties: Real estate developers have pushed back on proposed legislative amendments that would impose a 14% value-added tax (VAT) on the sale and rental of non-residential properties, the local press reports. The Federation of Egyptian Industries\u2019 real estate division is currently\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\/7\/226.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605286,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/finmin-looking-to-automate-stores-sales-disclosures-vat-owed-to-tax-authority\/","url_meta":{"origin":638559,"position":2},"title":"FinMin looking to automate stores\u2019 sales disclosures, VAT owed to Tax Authority","author":"enterpriseam admin","date":"27 December 2018","format":false,"excerpt":"EXCLUSIVE- FinMin looking to automate retailers\u2019 disclosures of sales, VAT to Tax Authority: The Finance Ministry is looking to outfit major retailers, shopping malls, and auto showrooms with devices that would automatically the relay of sales data to the Tax Authority, a senior government official tells Enterprise. The move is\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":629157,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/tax-authority-studies-how-to-implement-vat-on-ride-hailing-companies\/","url_meta":{"origin":638559,"position":3},"title":"Tax Authority studies how to implement VAT on ride-hailing companies","author":"enterpriseam admin","date":"23 May 2018","format":false,"excerpt":"The Tax Authority is looking into how best to impose the value-added tax (VAT) on ride-hailing companies once they officially register their business as mandated by the Ride-Hailing Apps Act, according to an authority source. The authority expects to complete its studies within two months.","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":649931,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/some-restaurants-exempt-from-vat-finance-ministry\/","url_meta":{"origin":638559,"position":4},"title":"Some restaurants exempt from VAT -Finance Ministry","author":"enterpriseam admin","date":"13 March 2017","format":false,"excerpt":"Expect your corner koshary and ful shops to be exempt from VAT: The Finance Ministry issued a directive exempting some restaurants that typically serve-lower income groups from charging value-added tax (VAT) on food items served. Not part of this exemption are all franchises of international or domestic restaurants. Restaurants in\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":627496,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/taxman-looking-to-collect-vat-on-e-commerce-online-ad-sales\/","url_meta":{"origin":638559,"position":5},"title":"Taxman looking to collect VAT on e-commerce, online ad sales","author":"enterpriseam admin","date":"4 June 2018","format":false,"excerpt":"EXCLUSIVE- The taxman is looking at imposing VAT on online ad buys and e- commerce transactions, sources in government tell Enterprise. The Tax Authority is actively studying the impact of making the online sale of goods and services subject to 14% value-added tax. 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