{"id":668691,"date":"2025-07-20T00:00:00","date_gmt":"2025-07-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/20\/el-sisi-ratifies-vat-law-amendments-eastern-company-hikes-cigarette-prices\/"},"modified":"2025-07-20T00:00:00","modified_gmt":"2025-07-20T00:00:00","slug":"el-sisi-ratifies-vat-law-amendments-eastern-company-hikes-cigarette-prices","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/20\/el-sisi-ratifies-vat-law-amendments-eastern-company-hikes-cigarette-prices\/","title":{"rendered":"El Sisi ratifies VAT Law amendments + Eastern Company hikes cigarette prices"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LEGISLATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>VAT amendme<\/strong><strong>nts signed into law: <\/strong>President Abdel Fattah El Sisi ratified amendments to the VAT Law, according to a decision published in the Official Gazette. The amendments will help the government bring in an additional EGP 200 bn in tax revenues, a senior government official <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f42067c-d0e3-4c25-8ec8-cd5cd9e0f444\/house-approves-amendments-to-vat-law-on-select-items\" style=\"\" rel=\"noopener\">previously told us<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The House of Representatives granted final approval to the government-drafted <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f42067c-d0e3-4c25-8ec8-cd5cd9e0f444\/house-approves-amendments-to-vat-law-on-select-items\" style=\"\" rel=\"noopener\">VAT Law amendments<\/a> last month. The changes will impact the prices of several key goods and services \u2014 construction and contracting services, crude oil, cigarettes, and alcoholic beverages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cigarette maker Eastern Company hiked the prices of its cigarettes by up to <\/strong><strong>EGP 5.25 <\/strong>shortly after the law was ratified. The price of all its 20-cigarette packs, including Cleopatra, now stands at EGP 44, while its higher-end Viceroy and Pall Mall now sell for EGP 69 a pack. US tobacco giant Philip Morris <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7b5a27b8-5d14-446a-adea-4963a0c2652d\/philip%253cmark%253e-morris%253c%2Fmark%253e-raises-cigarette-prices-by-up-to-11%2525\" style=\"\" rel=\"noopener\">earlier this month hiked<\/a> prices by up to 11%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DIPLOMACY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt engages with k<\/strong><strong>ey players in nuclear talks: <\/strong>Foreign Minister Badr Abdelatty held calls with his UK and Iranian counterparts, as well as International Atomic Energy Agency chief Rafael Grossi, to explore reviving negotiations on Tehran\u2019s nuclear program, according to a Foreign Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/100068995666430\/posts\/pfbid0i5advue6m2eDzfrguba64x9ZdWuZjYfy1TnUg6zwE9wMvay57RNJEZ8ve8o9nE29l\/?app=fbl\" style=\"\" rel=\"noopener\">statement<\/a>. The talks follow moves by the UK, France, and Germany to <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/iran-un-sanctions-snapback-uk-france-germany-f9458505b67698935625185532fa5a0f\" style=\"\" rel=\"noopener\">reinstate<\/a> UN sanctions on Iran by the end of August, unless it makes progress on a nuclear deal. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zaldi Capital filed fo<\/strong><strong>r a license to underwrite and promote securities<\/strong>, as it prepares to bring new listings to the EGX, Mohamed El Sherif, the company\u2019s head of promotion, told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Three listings in the works: <\/strong>Pending regulatory approval, Zaldi will advise on the potential EGX listings of three companies. One of these companies is in the tourism and real estate sector and plans to debut on the bourse before year-end, and another is in the fintech space and plans to go public in 1Q 2026. A third potential listing is being considered in the agricultural sector. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Egypt engaged with key players in nuclear talks<\/p>\n","protected":false},"author":1,"featured_media":668692,"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":[7209],"tags":[111,102,168,72,180,69,7401,7110],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-668691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-capital-markets","tag-diplomacy","tag-enterpriseam","tag-legislation","tag-tax","tag-tobacco","tag-vat","wpautop","entry"],"acf":{"mongo_id":"0c0fadab-2999-429d-a8eb-f987728255a5","order":"15","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/1215.jpg","photo_position":"above","homepage_title":"","full_issue_title":"El Sisi ratifies VAT Law amendments + Eastern Company hikes cigarette prices","related_issue":[668664],"teaser":"PLUS- Egypt engaged with key players in nuclear talks","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.aa4e6263-eca6-4158-b991-d691736e6abd.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The new legislation changes up the tax treatment for a handful of services and\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/7.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651964,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/","url_meta":{"origin":668691,"position":1},"title":"Maglis Al Dowla proposes amendments to VAT regulations that could see further amendments to the law","author":"enterpriseam admin","date":"26 February 2017","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":596327,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/federation-of-egyptian-industries-members-weigh-in-on-income-tax-vat-amendments\/","url_meta":{"origin":668691,"position":2},"title":"Federation of Egyptian Industries members weigh in on income tax, VAT amendments","author":"enterpriseam admin","date":"25 August 2019","format":false,"excerpt":"The Tax and Customs Committee at the Federation of Egyptian Industries has asked members to present their suggestions on proposed amendments to the VAT Act and the planned new Income Tax Act, the local press reported. The government announced plans to amend the VAT Act and draft a new income\u2026","rel":"","context":"In &quot;Legislation + Policy&quot;","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":667596,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/30\/house-approves-amendments-to-vat-law-on-select-items\/","url_meta":{"origin":668691,"position":3},"title":"House approves amendments to VAT Law on select items","author":"enterpriseam admin","date":"30 June 2025","format":false,"excerpt":"The amendments are set to affect the prices of construction and contracting services, crude oil, cigarettes, and alcoholic beverages","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\/2024\/11\/466.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":662575,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/finmin-to-issue-amendments-to-the-vat-law\/","url_meta":{"origin":668691,"position":4},"title":"FinMin to issue amendments to the VAT Law","author":"enterpriseam admin","date":"19 March 2025","format":false,"excerpt":"The measure comes as part of our reform program with the IMF","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":575752,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/26\/vat-act-amendments-submitted-to-egypts-house-of-representatives\/","url_meta":{"origin":668691,"position":5},"title":"VAT Act amendments submitted to Egypt\u2019s House of Representatives","author":"enterpriseam admin","date":"26 October 2020","format":false,"excerpt":"LEGISLATION WATCH- Office space and snack tax? Amendments to the VAT Act that would impose VAT on non-residential property and some snack foods are now with the House of Representatives after going through Cabinet, the local press reports. The changes would apply a 14% VAT to the rent and purchase\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/668691","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=668691"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/668691\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/668664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/668692"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=668691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=668691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=668691"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=668691"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=668691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}