{"id":660216,"date":"2025-02-09T00:00:00","date_gmt":"2025-02-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/"},"modified":"2025-02-09T00:00:00","modified_gmt":"2025-02-09T00:00:00","slug":"govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/","title":{"rendered":"Gov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float"},"content":{"rendered":"

FinMin look<\/strong>s to cushion the blow of the FX crunch on firms\u2019 pre-float earnings:<\/strong> The Finance Ministry is considering issuing a bookkeeping scheme to account for the FX rate difference between the official and parallel markets for profit earned before the Central Bank of Egypt liberalized<\/a> the exchange rate in March 2024, with the ministry currently preparing tax budgets for the upcoming corporate tax filing season \u2014 which ends on 30 April, a government source told EnterpriseAM.<\/p>\n

What the decision would entail:<\/strong> The accounting scheme will augment FX costs booked by companies throughout 1Q 2024 by a rate of up to 60%, which was set based on currency averages and forward contracts from that period, our source said. They added that the decision could also help prevent the accumulation of new tax-related issues and reduce the gap in tax assessment differences for firms in the market.<\/p>\n

Refresher:<\/strong> The Finance Ministry last year issued a decision<\/a> to change the way businesses calculate their foreign exchange costs to determine their tax base, seeking to account for the price differences between the FX rates on the official and parallel markets throughout 2023, with a specific emphasis on firms whose operations necessitated the use of foreign currency \u2014 particularly importers and exporters.<\/p>\n

The accounting scheme at the time augmented FX costs booked by companies <\/strong>throughout 2023 by varying percentages based on FX price points over the year<\/strong>, starting at 9% for the period from January to April 2023, increasing to 24% from May to August, rising further to 34% in September and October, and reaching its highest level in November and December at 60%.<\/p>\n

The decision would require coordinated tax and monetary policies<\/strong> to ensure that taxpayers don\u2019t have to obtain statements from the CBE regarding shipments for which FX was secured, Federation of Egyptian Industries\u2019 tax committee head Mohamed El Bahy told EnterpriseAM. Some taxpayers still face issues regarding their tax filings from 2023 due to this requirement, with some banks refusing to provide businesses with the statements needed to allow them to benefit from the Finance Ministry\u2019s decision, El Bahy said.<\/p>\n

Remember:<\/strong> The Finance Ministry unveiled<\/a> in October the first phase of a package of tax<\/a>facilities<\/a> aimed at simplifying the tax system and easing the burden on taxpayers. The package introduces 20 key reforms all revolving around four primary goals \u2014 easing tax and financial burden on taxpayers, unifying and improving tax services, and clearing the backlog of tax disputes.<\/p>\n","protected":false},"excerpt":{"rendered":"

The accounting scheme will augment FX costs booked by companies throughout 1Q 2024 by a rate of up to 60%<\/p>\n","protected":false},"author":1,"featured_media":660217,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7206],"tags":[104,1419,72,2234],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-egp","tag-enterpriseam","tag-foreign-exchange","wpautop","entry"],"acf":{"mongo_id":"f49e0dc3-24f6-47f3-a62a-17b2fcadfee9","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/690.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Finance Ministry to issue bookkeeping scheme to account for FX price difference prior to the EGP float","related_issue":[660208],"teaser":"The accounting scheme will augment FX costs booked by companies throughout 1Q 2024 by a rate of up to 60%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.8c052a2d-0cdf-4c1e-8fda-59954e201912.mp3"},"yoast_head":"\nGov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float - 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\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float\" \/>\n<meta property=\"og:description\" content=\"The accounting scheme will augment FX costs booked by companies throughout 1Q 2024 by a rate of up to 60%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float\",\"datePublished\":\"2025-02-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/\"},\"wordCount\":413,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EGP\",\"EnterpriseAM\",\"foreign exchange\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/\",\"name\":\"Gov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-02-09T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/","og_locale":"en_US","og_type":"article","og_title":"Gov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float","og_description":"The accounting scheme will augment FX costs booked by companies throughout 1Q 2024 by a rate of up to 60%","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-02-09T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Gov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float","datePublished":"2025-02-09T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/"},"wordCount":413,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1","keywords":["economy","EGP","EnterpriseAM","foreign exchange"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/","name":"Gov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1","datePublished":"2025-02-09T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/govt-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Gov\u2019t to issue bookkeeping scheme to account for FX price difference prior to the EGP float"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/690.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":614520,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/govt-introduces-bookkeeping-scheme-to-account-for-fx-price-differentials\/","url_meta":{"origin":660216,"position":0},"title":"Gov\u2019t introduces bookkeeping scheme to account for FX price differentials","author":"enterpriseam admin","date":"4 February 2024","format":false,"excerpt":"The difference between the official and parallel market exchange rates that the rules account for stand at an annual average of 26.64%","rel":"","context":"In "Tax"","block_context":{"text":"Tax","link":"https:\/\/enterpriseam.com\/egypt\/category\/tax\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/110.JPG?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550163,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/expat-car-import-scheme-could-raise-egp-50-bn-worth-of-fx-maait\/","url_meta":{"origin":660216,"position":1},"title":"Expat car import scheme could raise EGP 50 bn worth of FX -Maait","author":"enterpriseam admin","date":"17 October 2022","format":false,"excerpt":"A scheme to allow expat Egyptians to import cars into Egypt and draw back customs and other fees at a later date could raise USD 2.5 bn in FX: Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577238,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/15\/its-lift-off-for-the-expat-car-for-fx-scheme\/","url_meta":{"origin":660216,"position":2},"title":"It\u2019s lift-off for the expat car-for-FX scheme","author":"enterpriseam admin","date":"15 November 2022","format":false,"excerpt":"Cabinet is out with the rules and regulations for the expat car importscheme: The Madbouly government launches incentives to get Egyptian expats to import cars with foreign-currency today, and yesterday released details of the rules and regulations for the scheme, according to two separate statements (here and here). The rules\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/234.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581544,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/15\/expat-car-for-fx-scheme-likely-to-be-extended-again-amid-low-turnout\/","url_meta":{"origin":660216,"position":3},"title":"Expat car-for-FX scheme likely to be extended again amid low turnout","author":"enterpriseam admin","date":"15 February 2023","format":false,"excerpt":"The scheme allows expats to bring cars into Egypt","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":610682,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/26\/get-paid-in-fx-pay-vat-in-fx\/","url_meta":{"origin":660216,"position":4},"title":"Get paid in FX? Pay VAT in FX","author":"enterpriseam admin","date":"26 November 2023","format":false,"excerpt":"Sellers could choose to pay their VAT dues in EGP if they exchanged an equivalent amount or more of FX at a bank","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1333.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582326,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/07\/nuca-to-offer-cut-price-land-to-investors-paying-up-front-in-fx\/","url_meta":{"origin":660216,"position":5},"title":"NUCA to offer cut-price land to investors paying up front in FX","author":"enterpriseam admin","date":"7 March 2023","format":false,"excerpt":"This is one of many attempts to bring more FX into the country.","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Zed-city-Sheikh-Zayed-1600.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\/660216","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=660216"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660216\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/660208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/660217"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=660216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=660216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=660216"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=660216"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=660216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}