{"id":646437,"date":"2017-06-14T03:51:28","date_gmt":"2017-06-14T03:51:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/house-planning-committee-approves-raising-minimum-income-tax-threshold\/"},"modified":"2017-06-14T03:51:28","modified_gmt":"2017-06-14T03:51:28","slug":"house-planning-committee-approves-raising-minimum-income-tax-threshold","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/house-planning-committee-approves-raising-minimum-income-tax-threshold\/","title":{"rendered":"House Planning Committee approves raising minimum income tax threshold"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Income tax changes wending their way through the House: <\/strong>The House Planning and Budgeting Committee approved yesterday raising the maximum sum a private citizen can earn without paying income tax to EGP 7,200 per year from EGP 6,500, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1524161.aspx\">Ahram Gate reports<\/a>. The committee signed off on new tax brackets including:<\/p>\n<ul type=\"disc\">\n<li>EGP 7,200 and EGP 30,000 per year: Taxed at 10%<\/li>\n<li>EGP 30,001 and EGP 45,000 per year: Taxed at 15%<\/li>\n<li>EGP 45,001 and EGP 200k: Taxed at 20%,<\/li>\n<li>Above EGP 200,001 per year: Taxed at 22.5%. <\/li>\n<\/ul>\n<p><strong>What\u2019s next? <\/strong>Cabinet <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/30\/government-earmarks-extra-egp-46-bn-for-social-security-spending-to-combat-price-increases\/\">approved the restructuring last month<\/a>. The changes still require approval from a floor vote in the House and will then have to be signed-off by President Abdel Fattah El Sisi and published in the Official Gazette before coming into effect.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income tax changes wending their way through the House: The House Planning and Budgeting Committee approved yesterday raising the maximum sum a private citizen can earn without paying income tax to EGP 7,200 per year from EGP 6,500, Ahram Gate reports. The committee signed off on new tax brackets including: EGP 7,200 and EGP 30,000 [&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-646437","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6742e393-2200-4b95-9f5d-bae5d233dc93","order":"0","is_powered_by":true,"section_story_id":"d52cd331-7f2f-413e-9533-4b7ffc51d5bf","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646426],"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>House Planning Committee approves raising minimum income tax threshold - 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\/06\/14\/house-planning-committee-approves-raising-minimum-income-tax-threshold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Planning Committee approves raising minimum income tax threshold\" \/>\n<meta property=\"og:description\" content=\"Income tax changes wending their way through the House: The House Planning and Budgeting Committee approved yesterday raising the maximum sum a private citizen can earn without paying income tax to EGP 7,200 per year from EGP 6,500, Ahram Gate reports. The committee signed off on new tax brackets including: EGP 7,200 and EGP 30,000 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/house-planning-committee-approves-raising-minimum-income-tax-threshold\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-14T03:51:28+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\/06\/14\/house-planning-committee-approves-raising-minimum-income-tax-threshold\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/house-planning-committee-approves-raising-minimum-income-tax-threshold\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House Planning Committee approves raising minimum income tax threshold\",\"datePublished\":\"2017-06-14T03:51:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/house-planning-committee-approves-raising-minimum-income-tax-threshold\/\"},\"wordCount\":127,\"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\/06\/14\/house-planning-committee-approves-raising-minimum-income-tax-threshold\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/house-planning-committee-approves-raising-minimum-income-tax-threshold\/\",\"name\":\"House Planning Committee approves raising minimum income tax threshold - 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The proposal was approved\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\/180.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646644,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/house-votes-on-income-tax-amendments-hardship-raises-and-pension-increases\/","url_meta":{"origin":646437,"position":1},"title":"House votes on income tax amendments, hardship raises, and pension increases","author":"enterpriseam admin","date":"20 June 2017","format":false,"excerpt":"Parliament approves income tax cuts: Manufacturers and others with lower cost labor can take heart, though: Interest rates may speak against CAPEX right now, but the cost of running their businesses just got a bit lighter with income tax cuts passed by the House of Representatives yesterday. MPs voted on\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":646437,"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":567146,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/house-committee-approves-changes-to-income-tax-bands\/","url_meta":{"origin":646437,"position":3},"title":"House committee approves changes to income tax bands","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"LEGISLATION WATCH- House committee approves changes to income tax bands: The House Planning and Budget Committee yesterday approved changes to Article 8 of the Income Tax Act proposed by Rep. Mervat Alexan to raise the income tax brackets, according to Al Shorouk. The bill, which will be placed on the\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\/1\/594.jpg?fit=%2C&ssl=1&resize=350%2C200","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":646437,"position":4},"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":607732,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/house-committees-sign-off-on-tax-cut-expat-car-import-scheme-2-0-adp-safaga-port-contract\/","url_meta":{"origin":646437,"position":5},"title":"House committees sign off on tax cut, expat car import scheme 2.0 + ADP Safaga port contract","author":"enterpriseam admin","date":"9 October 2023","format":false,"excerpt":"President Abdel Fattah El Sisi last month directed the government to raise the income tax exemption threshold as part of measures to ease the burden of inflation on the public","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/442.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646437","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=646437"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646437\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/646426"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=646437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=646437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=646437"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=646437"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=646437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}