{"id":651914,"date":"2017-02-23T04:07:15","date_gmt":"2017-02-23T04:07:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/tax-authority-to-meet-with-egpc-to-discuss-rebates-for-iocs-equipment-suppliers\/"},"modified":"2017-02-23T04:07:15","modified_gmt":"2017-02-23T04:07:15","slug":"tax-authority-to-meet-with-egpc-to-discuss-rebates-for-iocs-equipment-suppliers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/tax-authority-to-meet-with-egpc-to-discuss-rebates-for-iocs-equipment-suppliers\/","title":{"rendered":"Tax Authority to meet with EGPC to discuss rebates for IOCs equipment suppliers"},"content":{"rendered":"<p><strong>Tax Authority to chat about VAT with EGPC: <\/strong>Tax Authority officials will meet with the Egyptian General Petroleum Corporation (EGPC) next week to discuss further exemptions from the value-added tax for the industry. International oil companies are seeking VAT rebates for their equipment and machinery suppliers, Tax Authority Deputy Head Mohamed Abdel Sattar said on Wednesday, <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/22\/%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D9%88%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D8%AA%D8%A8%D8%AD%D8%AB%D8%A7%D9%86-%D8%A3%D8%B2%D9%85%D8%A9-%D8%A5%D8%B9%D9%81\/\">according to Al Borsa<\/a>. IOCs are <a href=\"https:\/\/enterprise.press\/stories\/2016\/08\/30\/house-passes-vat-law-heres-everything-you-need-to-know\/\">exempt from the tax<\/a> under the terms of their production-sharing agreement with the EGPC, but <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=323602\">contractors are not<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax Authority to chat about VAT with EGPC: Tax Authority officials will meet with the Egyptian General Petroleum Corporation (EGPC) next week to discuss further exemptions from the value-added tax for the industry. International oil companies are seeking VAT rebates for their equipment and machinery suppliers, Tax Authority Deputy Head Mohamed Abdel Sattar said on [&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-651914","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7a9850c5-ef2f-4a08-86be-689aa02c2835","order":"0","is_powered_by":true,"section_story_id":"cf19624e-5131-432a-9ccb-ae48e3db4977","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651900],"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 to meet with EGPC to discuss rebates for IOCs equipment suppliers - 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\/02\/23\/tax-authority-to-meet-with-egpc-to-discuss-rebates-for-iocs-equipment-suppliers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Authority to meet with EGPC to discuss rebates for IOCs equipment suppliers\" \/>\n<meta property=\"og:description\" content=\"Tax Authority to chat about VAT with EGPC: Tax Authority officials will meet with the Egyptian General Petroleum Corporation (EGPC) next week to discuss further exemptions from the value-added tax for the industry. 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It remains an open question whether he will answer questions from MPs on the agreement with the International Monetary Fund for a USD 12 bn extended fund facility.Also in the House this week: The\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":670467,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/20\/foreign-oil-firms-voice-concerns-over-plan-to-register-crude-suppliers\/","url_meta":{"origin":651914,"position":1},"title":"Foreign oil firms voice concerns over plan to register crude suppliers","author":"enterpriseam admin","date":"20 August 2025","format":false,"excerpt":"Kouchouk vowed to resolve the issue before the end of the month","rel":"","context":"In &quot;Tax&quot;","block_context":{"text":"Tax","link":"https:\/\/enterpriseam.com\/egypt\/category\/tax\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2299.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":670390,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/19\/finmin-looks-to-register-crude-suppliers-ahead-of-taxing-them\/","url_meta":{"origin":651914,"position":2},"title":"FinMin looks to register crude suppliers ahead of taxing them","author":"enterpriseam admin","date":"19 August 2025","format":false,"excerpt":"Crude oil is now subject to a 10% tax under latest VAT amendments","rel":"","context":"In &quot;Tax&quot;","block_context":{"text":"Tax","link":"https:\/\/enterpriseam.com\/egypt\/category\/tax\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1760.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":648744,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/what-were-tracking-this-week-190\/","url_meta":{"origin":651914,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"11 April 2017","format":false,"excerpt":"Extra T-bill sales this week: Egypt will hold several treasury bill sales this week to compensate for auctions originally scheduled to take place during next week's Easter holiday, when banks will be closed, Reuters reports. 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