{"id":670896,"date":"2025-08-27T00:00:00","date_gmt":"2025-08-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/27\/finmin-in-talks-with-contractors-to-implement-vat-amendments\/"},"modified":"2025-08-27T00:00:00","modified_gmt":"2025-08-27T00:00:00","slug":"finmin-in-talks-with-contractors-to-implement-vat-amendments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/27\/finmin-in-talks-with-contractors-to-implement-vat-amendments\/","title":{"rendered":"FinMin in talks with contractors to implement VAT amendments"},"content":{"rendered":"

Good afternoon, friends, and happy almost weekend<\/strong>. It\u2019s a busy afternoon in the global press, with Trump\u2019s trade war on India still in the spotlight. <\/p>\n

\n

THE BIG STORY TODAY-<\/p>\n

The Finance Ministry has been meeting with contractors and real estate <\/strong>developers to finalize the executive regulations for the latest VAT amendments<\/strong>, government sources told EnterpriseAM. Representatives of the Egyptian Federation for Construction and Building Contractors and the Egyptian Tax Authority (ETA) were also in attendance.<\/p>\n

REMEMBER-<\/strong> VAT amendments<\/a> were ratified<\/a> in July, subjecting construction and contracting services to the standard 14% VAT rate. Under the previous system, construction and contracting services were taxed at a flat 5% schedule rate without allowing companies to deduct input VAT. <\/p>\n

The meetings addressed several key challenges<\/strong>, such as the intertwined details of the e-invoicing system, the awarding entities, and the tax calculation method for projects that were awarded before the VAT amendments passed or are still under construction. While the ETA insists on enforcing the new law from the date of issuance, investors are pushing for a more lenient approach to address issues related to projects that are already underway, our sources said.<\/p>\n

What's next? <\/strong>All issues surrounding the VAT amendments to construction and contracting services will be resolved by next month with technical support committees set up to assist small contractors to join the new tax system, government sources told EnterpriseAM.<\/p>\n

\n

\n

<\/a> <\/p>\n

In the fourth issue of our Destination Sahel series, we're bringing you the latest updates on New Alamein City and a look at the best investments in Sahel today. We also investigate the growing issue of beach erosion and its impact on our shores.<\/p>\n

Look for Destination Sahel, Issue IV, in your inbox on Wednesday, 3 September.<\/p>\n

Missed the first three issues? Tap here<\/a> to read the full series. <\/p>\n

\n

\n

\n

THE BIG STORY ABROAD-<\/p>\n

It\u2019s a busy afternoon in the global press, with a hodge podge of stories getting plenty of ink<\/strong>. Among the stories getting top billing:<\/p>\n

US President Donald Trump\u2019s hefty 50% tariffs on imports from India are now in effect<\/strong>. The punitive 25% tariffs, dealt to India over its purchases of discounted Russian oil, add to an existing 25% already in effect since earlier this month. This brings the total tariffs to 50%, putting them among the highest ever charged by the US \u2014 and on par with the tariffs on Brazil and China. The move risks significant damage to India's economy and global supply chains. (Guardian<\/a> | CNN<\/a> | New York Times<\/a> | BBC<\/a> | Reuters<\/a> | Financial Times<\/a>)<\/p>\n

MEANWHILE<\/strong>- The Trump administration put over a dozen Federal Emergency Management Agency employees on leave after 182 current and past employees signed an open letter on Monday criticizing the agency\u2019s direction and its leaders\u2019 \u201cinexperience.\u201d The letter calls for qualified leadership, noting that the agency is well on its way to a \u201cKatrina-level disaster.\u201d (Washington Post<\/a> | Associated Press<\/a> | Axios<\/a>)<\/p>\n

REGIONALLY<\/strong>- Trump is set to chair a meeting on Gaza in the White House today, with hopes of settling the war \u201cone way or another\u201d by year\u2019s end. \u201cIt\u2019s a very comprehensive plan we\u2019re putting together,\u201d US special envoy Steve Witkoff said in an interview with Fox News on Tuesday. The news follows Israel ramping up its offensive in Gaza, having called on 60k reservists to join the war. (Reuters<\/a> | Guardian<\/a>)<\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\u2600\ufe0f <\/strong>TOMORROW\u2019S WEATHER- <\/strong>The weather is cooling down as we approach fall territory, with temperatures in Cairo peaking at just 33\u00b0C, before dropping to 21\u00b0C. Up north, we\u2019re in for a high of 28\u00b0C and a low of 25\u00b0C, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"

Good afternoon, friends, and happy almost weekend. It\u2019s a busy afternoon in the global press, with Trump\u2019s trade war on India still in the spotlight. THE BIG STORY TODAY- The Finance Ministry has been meeting with contractors and real estate developers to finalize the executive regulations for the latest VAT amendments, government sources told EnterpriseAM. […]<\/p>\n","protected":false},"author":1,"featured_media":670897,"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":[7213],"tags":[633,276,7110,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-670896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-finance-ministry","tag-vat","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"105e99ff-9f59-47a2-9eab-96503bf2a68b","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/3\/2358.jpg","photo_position":"above","homepage_title":"","full_issue_title":"FinMin in talks with contractors to implement VAT amendments","related_issue":[670894],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.399c8057-8bd9-4973-ba0c-078110b94a37.mp3"},"yoast_head":"\nFinMin in talks with contractors to implement VAT amendments - 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\/08\/27\/finmin-in-talks-with-contractors-to-implement-vat-amendments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin in talks with contractors to implement VAT amendments\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and happy almost weekend. 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"Tax"","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":652014,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/finance-ministry-will-not-amend-vat-law-to-issue-executive-regulations-in-one-or-two-weeks\/","url_meta":{"origin":670896,"position":3},"title":"Finance Ministry will not amend VAT law, to issue executive regulations in one or two weeks","author":"enterpriseam admin","date":"27 February 2017","format":false,"excerpt":"Finance Ministry won\u2019t amend VAT act: The Finance Ministry will not be revising the law for the value-added tax and we can expect the executive regulations \u201cwithin a week or two at most,\u201d high-ranking officials tell Al Borsa. The ministry plans to study Maglis Al Dowla\u2019s (State Council) proposed amendments\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":580382,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-evening-first-filling-begins-for-elsewedy-electric-arab-contractors-tanzania-dam-suez-canals-osama-rabie-addresses-questions-on-new-suez-canal-fund\/","url_meta":{"origin":670896,"position":4},"title":"THIS EVENING: First filling begins for Elsewedy Electric-Arab Contractors Tanzania dam + Suez Canal\u2019s Osama Rabie addresses questions on new Suez Canal fund","author":"enterpriseam admin","date":"22 December 2022","format":false,"excerpt":"Happy THURSDAY, wonderful people. It\u2019s been a mad rush of a week, but judging by the volume of out-of-office replies landing in our inboxes today, a number of you are taking some much-needed time off with which to end the year.*** We\u2019re following your lead and will be taking an\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574041,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/cabinet-approves-in-principle-amendments-to-vat-tax-act-fees-for-university-examinations\/","url_meta":{"origin":670896,"position":5},"title":"Cabinet approves in principle amendments to VAT Tax Act, fees for university examinations","author":"enterpriseam admin","date":"27 August 2020","format":false,"excerpt":"CABINET WATCH- Could we finally be getting the VAT lottery? The Madbouly Cabinet gave a preliminary sign off on a package of incentives that they hope will encourage people and businesses to toe the line on tracking and paying VAT. The program \u2014 dubbed \u201cYour taxes are for you\u201d \u2014\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\/2020\/8\/221.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\/670896","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=670896"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/670896\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/670894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/670897"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=670896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=670896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=670896"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=670896"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=670896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}