{"id":652590,"date":"2017-01-15T04:14:21","date_gmt":"2017-01-15T04:14:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/regulations-to-write-off-expenses-incurred-in-sourcing-fx-from-the-parallel-market-coming-soon\/"},"modified":"2017-01-15T04:14:21","modified_gmt":"2017-01-15T04:14:21","slug":"regulations-to-write-off-expenses-incurred-in-sourcing-fx-from-the-parallel-market-coming-soon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/regulations-to-write-off-expenses-incurred-in-sourcing-fx-from-the-parallel-market-coming-soon\/","title":{"rendered":"Regulations to write-off expenses incurred in sourcing FX from the parallel market coming \u201csoon\u201d"},"content":{"rendered":"

Businesses will soon learn how they can treat for tax purposes the discrepancy between what they paid for FX in 2016 and the official market rate at the time<\/strong>, Finance Minister Amr El Garhy told Al Borsa<\/a>. The ministry is consulting with business associations and looking for a solution that\u2019s fair to all parties, the minister said. In addition to the Finance Ministry, the Egyptian Financial Supervisory Authority is reportedly studying the issue, according to Al Mal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Businesses will soon learn how they can treat for tax purposes the discrepancy between what they paid for FX in 2016 and the official market rate at the time, Finance Minister Amr El Garhy told Al Borsa. The ministry is consulting with business associations and looking for a solution that\u2019s fair to all parties, the […]<\/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-652590","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"acea217e-312b-44d3-bf8c-07c41a8c9623","order":"0","is_powered_by":true,"section_story_id":"76f4a927-b818-47a6-8f58-d7b83702c515","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652576],"teaser":"","voice_url":""},"yoast_head":"\nRegulations to write-off expenses incurred in sourcing FX from the parallel market coming \u201csoon\u201d - 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\/01\/15\/regulations-to-write-off-expenses-incurred-in-sourcing-fx-from-the-parallel-market-coming-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulations to write-off expenses incurred in sourcing FX from the parallel market coming \u201csoon\u201d\" \/>\n<meta property=\"og:description\" content=\"Businesses will soon learn how they can treat for tax purposes the discrepancy between what they paid for FX in 2016 and the official market rate at the time, Finance Minister Amr El Garhy told Al Borsa. The ministry is consulting with business associations and looking for a solution that\u2019s fair to all parties, the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/regulations-to-write-off-expenses-incurred-in-sourcing-fx-from-the-parallel-market-coming-soon\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-15T04:14:21+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\/01\/15\/regulations-to-write-off-expenses-incurred-in-sourcing-fx-from-the-parallel-market-coming-soon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/regulations-to-write-off-expenses-incurred-in-sourcing-fx-from-the-parallel-market-coming-soon\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Regulations to write-off expenses incurred in sourcing FX from the parallel market coming \u201csoon\u201d\",\"datePublished\":\"2017-01-15T04:14:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/regulations-to-write-off-expenses-incurred-in-sourcing-fx-from-the-parallel-market-coming-soon\/\"},\"wordCount\":91,\"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\/01\/15\/regulations-to-write-off-expenses-incurred-in-sourcing-fx-from-the-parallel-market-coming-soon\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/regulations-to-write-off-expenses-incurred-in-sourcing-fx-from-the-parallel-market-coming-soon\/\",\"name\":\"Regulations to write-off expenses incurred in sourcing FX from the parallel market coming \u201csoon\u201d - 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