{"id":651964,"date":"2017-02-26T04:11:08","date_gmt":"2017-02-26T04:11:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/"},"modified":"2017-02-26T04:11:08","modified_gmt":"2017-02-26T04:11:08","slug":"maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/","title":{"rendered":"Maglis Al Dowla proposes amendments to VAT regulations that could see further amendments to the law"},"content":{"rendered":"

<\/a> Could the government be forced to amend the value-added tax act? <\/strong>The executive regulations governing the value-added tax (VAT) may not be handed down as fast as Deputy Finance Minister Amr El Monayer had hoped<\/a>: Maglis Al Dowla (the State Council) has concluded its review and says it has 30 proposed amendments that may necessitate revisions to the law itself,<\/strong> Al Borsa<\/a> reports. Council officials say that some provisions of the draft regulations \u2014 such as those on tax-free shopping for foreigners, for example \u2014 are not provided for by the law that created the VAT.<\/p>\n

The Council also finished its review of other laws and regulatory proposals, including one that essentially criminalizes cheating on high school exams by setting stricter punishments and higher fines. <\/strong>Teachers and administrators that leak or help circulate leaked exams could face 2-7 years in prison and fines of EGP 100-200k, while students caught cheating face a year in prison and fines of EGP 5-10k, newspaper says<\/a>. Maglis Al Dowla also had remarks on the clauses of the legislation being prepared to establish a <\/strong>separate entity<\/strong><\/a> to govern nuclear power projects in Daba\u2019a,<\/strong><\/p>\n

Meanwhile, the draft Labor Act is now before the House of Representatives<\/strong> after the State Council proposed 39 amendments to the275-article law<\/a>. Al Masry Al Youm<\/a> has the full rundown.<\/p>\n","protected":false},"excerpt":{"rendered":"

Could the government be forced to amend the value-added tax act? The executive regulations governing the value-added tax (VAT) may not be handed down as fast as Deputy Finance Minister Amr El Monayer had hoped: Maglis Al Dowla (the State Council) has concluded its review and says it has 30 proposed amendments that may necessitate […]<\/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-651964","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e70a7395-7e78-4564-badf-499f0f662c54","order":"0","is_powered_by":true,"section_story_id":"a749bbf4-dec7-49f8-8cf1-c0efd5505a55","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651955],"teaser":"","voice_url":""},"yoast_head":"\nMaglis Al Dowla proposes amendments to VAT regulations that could see further amendments to the law - 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\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maglis Al Dowla proposes amendments to VAT regulations that could see further amendments to the law\" \/>\n<meta property=\"og:description\" content=\"Could the government be forced to amend the value-added tax act? The executive regulations governing the value-added tax (VAT) may not be handed down as fast as Deputy Finance Minister Amr El Monayer had hoped: Maglis Al Dowla (the State Council) has concluded its review and says it has 30 proposed amendments that may necessitate […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-26T04:11:08+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\/02\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Maglis Al Dowla proposes amendments to VAT regulations that could see further amendments to the law\",\"datePublished\":\"2017-02-26T04:11:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/\"},\"wordCount\":234,\"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\/02\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/\",\"name\":\"Maglis Al Dowla proposes amendments to VAT regulations that could see further amendments to the law - 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El Monayer said that the regulations reflect the input of the business\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":651788,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/21\/what-were-tracking-this-week-209\/","url_meta":{"origin":651964,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"21 February 2017","format":false,"excerpt":"Could the executive regulations for the VAT really be coming out in the next couple of weeks? It might just be, as Maglis El Dowla (the State Council) is finally done reviewing the draft rules that would govern the value-added tax and has reportedly suggested amendments in a report that\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","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":649761,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/08\/finance-minister-signs-off-on-vat-executive-regulations\/","url_meta":{"origin":651964,"position":4},"title":"Finance Minister signs off on VAT executive regulations","author":"enterpriseam admin","date":"8 March 2017","format":false,"excerpt":"VAT executive regulations are at hand: Finance Minister Amr El Garhy signed off on the executive regulations for the value-added tax (VAT) last night, top government officials tell Al Borsa. El Garhy had told President Abdel Fattah El Sisi in a Tuesday meeting that the regulations would be official \u201cin\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":641612,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/maglis-el-dowla-completes-review-of-investment-act-regs\/","url_meta":{"origin":651964,"position":5},"title":"Maglis El Dowla completes review of Investment Act regs","author":"enterpriseam admin","date":"27 September 2017","format":false,"excerpt":"Council of State completes its review the executive regulations to the Investment Act: The Council of State (Maglis Al Dawla)\u2019s legislative committee has completed its review of the Investment Act\u2019s executive regs and will send them back to the Ismail cabinet this week,sources tell Al Borsa. 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