{"id":644753,"date":"2017-07-03T04:04:12","date_gmt":"2017-07-03T04:04:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/03\/how-will-vat-impact-the-telecoms-sector\/"},"modified":"2017-07-03T04:04:12","modified_gmt":"2017-07-03T04:04:12","slug":"how-will-vat-impact-the-telecoms-sector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/03\/how-will-vat-impact-the-telecoms-sector\/","title":{"rendered":"How will VAT impact the telecoms sector?"},"content":{"rendered":"

<\/a> Telecoms sector braces for VAT:<\/strong> As the date of implementing the value-added tax (VAT) in its second year closes in (we expect the FY2017-18 to be officially ratified tomorrow), the ICT sector is apparently in a flurry to secure regulatory approvals for price changes. Internet service providers will be taxed for the very first time under the VAT in FY2017-18 at 14%, and are looking to pass those on to the consumer after failing to convince the ICT Ministry to delay implementing the VAT<\/a> for a second year. The government is hoping the VAT on internet would bring in revenues of EGP 700 mn this year<\/strong>, government sources tell Al Borsa<\/a>.<\/p>\n

How will this affect your phone and internet bill?<\/strong> It would appear that internet fees will definitely see a hike, with ICT Ministry sources telling MENA news agency<\/a> on Sunday that prices for internet ADSL services will increase by 4%. This comes after internet services providers (ISPs) have apparently been pushing for a 15% increase in prices in talks with the National Telecommunications Regulatory Authority (NTRA), according to Al Mal<\/a>.<\/p>\n

...As for telecoms<\/strong>, the only apparent difference this will have on your phone credit is a 1% charge which will be deducted from airtime without charge given on recharge cards. Under a compromise with mobile network operators last year<\/a>, recharge cards will carry a VAT of 10%, with the remaining 4% being granted to users as calltime. Both the NTRA<\/a> and ICT Minister Yasser El Kady<\/a> have promised that will not have any bearing on the retail price of recharge cards.<\/p>\n

On a related note, El Kady said that TE Data will start offering internet packages at a minimum of 4 Mbps by the end of this year<\/strong>, Al Mal reports<\/a>. Based on our humble customer experience, we can only hope that this means they might actually get their data up to the 2 Mbps they keep promising and we keep paying for.<\/p>\n","protected":false},"excerpt":{"rendered":"

Telecoms sector braces for VAT: As the date of implementing the value-added tax (VAT) in its second year closes in (we expect the FY2017-18 to be officially ratified tomorrow), the ICT sector is apparently in a flurry to secure regulatory approvals for price changes. Internet service providers will be taxed for the very first time […]<\/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-644753","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"837e9b27-ddcc-4fd1-8df0-9d15fe91d36b","order":"0","is_powered_by":true,"section_story_id":"2b583a39-8be8-485e-ab04-cc56fe8976e1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[644744],"teaser":"","voice_url":""},"yoast_head":"\nHow will VAT impact the telecoms sector? - 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\/07\/03\/how-will-vat-impact-the-telecoms-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How will VAT impact the telecoms sector?\" \/>\n<meta property=\"og:description\" content=\"Telecoms sector braces for VAT: As the date of implementing the value-added tax (VAT) in its second year closes in (we expect the FY2017-18 to be officially ratified tomorrow), the ICT sector is apparently in a flurry to secure regulatory approvals for price changes. 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Infrastructure rent fees account for 80% of customer's\u2019 monthly internet bills, he explained.\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645587,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/internet-prices-to-rise-after-vat-implementation\/","url_meta":{"origin":644753,"position":2},"title":"Internet prices to rise after VAT implementation","author":"enterpriseam admin","date":"25 July 2017","format":false,"excerpt":"You\u2019re set to pay more for your ADSL package now that service providers will themselves be required to pay the 14% value-added tax, according to a report from the Cabinet Information and Decision Support Center picked up by AMAY. 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