{"id":645526,"date":"2017-07-24T03:43:44","date_gmt":"2017-07-24T03:43:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/"},"modified":"2017-07-24T03:43:44","modified_gmt":"2017-07-24T03:43:44","slug":"tax-authority-signs-off-on-new-income-tax-breaks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/","title":{"rendered":"Tax Authority signs off on new income tax breaks"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Tax Authority signs off on new income tax breaks: <\/strong>Tax Authority boss Emad Samy signed off on income tax breaks on Thursday, <a href=\"http:\/\/www.almalnews.com\/Story\/340720\/14\/%D9%82%D8%B1%D8%A7%D8%B1-%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D8%A7%D8%AD%D8%AA%D8%B3%D8%A7%D8%A8-%D8%A7%D9%84%D8%AE%D8%B5%D9%88%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D8%B6%D8%B1%D9%8A%D8%A8%D9%8A%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B1%D9%88%D8%A7%D8%AA%D8%A8\">Al Mal reports<\/a>. The House of Representatives had approved income tax cuts <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/20\/house-votes-on-income-tax-amendments-hardship-raises-and-pension-increases\/\">last month<\/a> ranging from 5-80% for those earning under EGP 200k a year and exempting those earning anything below minimum wage. The breaks came as part of the government\u2019s efforts to widen the social safety net and soften the impact of economic and fiscal reform measures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax Authority signs off on new income tax breaks: Tax Authority boss Emad Samy signed off on income tax breaks on Thursday, Al Mal reports. The House of Representatives had approved income tax cuts last month ranging from 5-80% for those earning under EGP 200k a year and exempting those earning anything below minimum wage. [&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-645526","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"aee5983f-f644-43e8-b562-66769b808284","order":"0","is_powered_by":true,"section_story_id":"3a50f107-4f85-44f6-869d-98dcdfb07d49","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645513],"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>Tax Authority signs off on new income tax breaks - 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\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Authority signs off on new income tax breaks\" \/>\n<meta property=\"og:description\" content=\"Tax Authority signs off on new income tax breaks: Tax Authority boss Emad Samy signed off on income tax breaks on Thursday, Al Mal reports. The House of Representatives had approved income tax cuts last month ranging from 5-80% for those earning under EGP 200k a year and exempting those earning anything below minimum wage. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-24T03:43:44+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\/2017\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Tax Authority signs off on new income tax breaks\",\"datePublished\":\"2017-07-24T03:43:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/\"},\"wordCount\":90,\"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\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/\",\"name\":\"Tax Authority signs off on new income tax breaks - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-07-24T03:43:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tax Authority signs off on new income tax breaks\"}]},{\"@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":"Tax Authority signs off on new income tax breaks - 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\/07\/24\/tax-authority-signs-off-on-new-income-tax-breaks\/","og_locale":"en_US","og_type":"article","og_title":"Tax Authority signs off on new income tax breaks","og_description":"Tax Authority signs off on new income tax breaks: Tax Authority boss Emad Samy signed off on income tax breaks on Thursday, Al Mal reports. The House of Representatives had approved income tax cuts last month ranging from 5-80% for those earning under EGP 200k a year and exempting those earning anything below minimum wage. 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The stamp tax \u2014 a 0.125% levy imposed on both sides of any\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":627600,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/06\/house-signs-off-on-income-tax-cuts-raising-minimum-threshold-for-exemptions\/","url_meta":{"origin":645526,"position":1},"title":"House signs off on income tax cuts, raising minimum threshold for exemptions","author":"enterpriseam admin","date":"6 June 2018","format":false,"excerpt":"House signs off on income tax cuts, raising minimum threshold for exemptions: The House of Representatives\u2019 general assembly signed off yesterday on new income tax cuts, Al Masry Al Youm reports. Those earning up to EGP 8k a year will be exempt entirely from taxes, while others earning between EGP\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":569990,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/low-earners-to-get-larger-than-expected-tax-cut\/","url_meta":{"origin":645526,"position":2},"title":"Low earners to get larger-than-expected tax cut","author":"enterpriseam admin","date":"15 March 2020","format":false,"excerpt":"LEGISLATION WATCH- Low income earners to get larger-than-expected tax cut on orders of President El Sisi: President Abdel Fattah El Sisi yesterday ordered the Madbouly government to provide larger income tax breaks to low-income earners under draft amendments to the Income Tax Act that will soon go up for a\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\/2020\/3\/172.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570877,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/21\/egypts-cabinet-approves-income-tax-breaks-other-decisions-in-weekly-meeting\/","url_meta":{"origin":645526,"position":3},"title":"Egypt\u2019s Cabinet approves income tax breaks, other decisions in weekly meeting","author":"enterpriseam admin","date":"21 April 2020","format":false,"excerpt":"CABINET WATCH- Cabinet approves income tax breaks: The Madbouly cabinet greenlit in its weekly meeting on Thursday proposed amendments to the Income Tax Act that would, if approved by the House of Representatives, exempt employees making less than EGP 22k a year from paying income tax. Besides raising the tax\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\/2020\/4\/165.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627388,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/finmin-looks-into-drafting-a-new-income-tax-act\/","url_meta":{"origin":645526,"position":4},"title":"FinMin looks into drafting a new Income Tax Act","author":"enterpriseam admin","date":"31 July 2018","format":false,"excerpt":"EXCLUSIVE- FinMin looks into drafting a new Income Tax Act: The Finance Ministry has formed a committee to look into drafting a new Income Tax Act, Tax Authority deputy head Mohamed Abdel Sattar told Enterprise. 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