{"id":652750,"date":"2017-01-18T04:06:32","date_gmt":"2017-01-18T04:06:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/parliament-agrees-to-raise-basic-tax-exemption\/"},"modified":"2017-01-18T04:06:32","modified_gmt":"2017-01-18T04:06:32","slug":"parliament-agrees-to-raise-basic-tax-exemption","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/parliament-agrees-to-raise-basic-tax-exemption\/","title":{"rendered":"Parliament agrees to raise basic tax exemption"},"content":{"rendered":"

The House of Representatives has raised the basic tax exemption to EGP 24,000 from a previous EGP 13,500<\/strong>, meaning anyone earning under EGP 24,000 annually pays no income tax. The move is being positioned as part of an effort to ease the pain of the ongoing economic reforms, according to Al Borsa<\/a>. An unnamed source from the Finance Ministry said that the ministry was not notified of the House\u2019s decision to amend the law, Al Mal<\/a> claims. As we noted last week<\/a>, Finance Minister Amr El Garhy had announced that the ministry is working on a new income tax law to bring the code up to international standards, but had not provided any information on the nature of the changes.<\/p>\n","protected":false},"excerpt":{"rendered":"

The House of Representatives has raised the basic tax exemption to EGP 24,000 from a previous EGP 13,500, meaning anyone earning under EGP 24,000 annually pays no income tax. The move is being positioned as part of an effort to ease the pain of the ongoing economic reforms, according to Al Borsa. An unnamed source […]<\/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-652750","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2547c566-fe96-4ead-92e3-73865b057c2c","order":"0","is_powered_by":true,"section_story_id":"4ee7065a-7f99-46f7-aa7e-e45efb1f30b2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652738],"teaser":"","voice_url":""},"yoast_head":"\nParliament agrees to raise basic tax exemption - 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\/18\/parliament-agrees-to-raise-basic-tax-exemption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parliament agrees to raise basic tax exemption\" \/>\n<meta property=\"og:description\" content=\"The House of Representatives has raised the basic tax exemption to EGP 24,000 from a previous EGP 13,500, meaning anyone earning under EGP 24,000 annually pays no income tax. The move is being positioned as part of an effort to ease the pain of the ongoing economic reforms, according to Al Borsa. 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Deputy Finance Minister Amr El Monayer denied the ministry was preparing a draft to amend the Income Law to\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":567383,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/finmin-to-place-new-income-tax-law-up-for-public-consultation-in-2-4-weeks\/","url_meta":{"origin":652750,"position":2},"title":"FinMin to place new income tax law up for public consultation in 2-4 weeks","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"LEGISLATION WATCH- The Finance Ministry\u2019s new income tax law will be up for public consultations in 2-4 weeks, Minister Mohamed Maait announced during a press conference held yesterday. 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