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Moody’s forecasts insurance expansion as economy stabilises and recovers, despite glaring structure concerns
New Cairo, coastal projects in danger; VAT increases residential units’ prices
Intense focus on the issues associated with the programme presented to the IMF at the expense of the rest of aspects
Egypt has passed an important stage in the tax reforms as parliament recently approved the VAT law
Sub-committees will have the power to end disputes, while the ministry will monitor their performance through follow-up reports, says Amr Al-Mounir
Increasing burdens on the lives of already weary citizens will lead to a “sweeping revolution”, says 6 April Movement figure
New legislation stipulates that collecting taxes protects the rights of the state, taxpayer
Standardised tax procedures act to protect employees, financiers almost completed
British plans to considerably lower corporate tax have drawn first reactions from political leaders across the EU. Surely no one wants to be at a disadvantage when it comes to luring companies, or keeping them.
Deputy Finance Minister for Tax Policies, Amr Ibrahim El-Monayer, stressed the falsity of the rumours spread across the internet about a tax bill under the value-added tax (VAT) that taxes personal accounts on websites such as Facebook, Yahoo, and Instagram. “These accounts are free services offered by these sites for people,” he said. However, the …
Indonesia has introduced a tax amnesty as the government hopes to lure back capital parked abroad by wealthy citizens. But the measure has faced criticism from people unwilling to let evaders off the hook.
The new tax is a little high, but will not affect the Egyptian market, says Hazem Hegazy
Japan’s prime minister Shinzo Abe will delay a controversial increase in sales tax due to concerns for the country’s fragile economy. The move is a blow to his economic policy aimed at boosting growth and inflation.
Goods and services tax constitutes 46.5% of total tax revenues
All oil exploration and production concession agreements in Egypt have been operating according to Production Sharing Agreements since 1973. This was a shift from the tax/royalty system towards equal sharing agreements concluded between the government, represented by the Egyptian General Petroleum Corporation (EGPC), and foreign companies, with a view to reduce the pressure on the …
The law will include an additional tax to offset the decline of customs revenues on imported cars under the European Union, Turkey, and Agadir free trade agreements.
Saudi Arabia is committed to BEPS initiative and OECD action plan
Sales tax proceeds amount to EGP 1.5bn, while income taxes collected record EGP 165bn
US consumer electronics giant Apple has agreed to pay 318 million euros to settle a tax dispute with Italian authorities following an investigation into allegations that the company dodged payments to the Italian taxman.
Imposing a tax does not constitute manipulation of the GATT, so long as all models are treated equally, says chief negotiator
Ministers of Finance, Tourism, and Petroleum to sign the standards
Cigarette taxes were supposed to revamp health insurance ecosystem
Sources believe Amer is likely to agree to Federation of Egyptian Banks memo to reject tax
Tax arrears estimated at EGP 36bn, including EGP 32bn under dispute concerning economic bodies, media institutions and other entities
Average spending of top 10% tranche to increase by 5.3%, while lowest 10% will increase by 0.05%
Orascom Construction Industries (OCI) reported a 51% backlog growth to $7.2bn, and its earnings before interest, taxes, depreciation, and amortisation (EBITDA) amounted to $64m in quarter two (Q2) of 2015
Government employees at state-controlled Customs and Tax Authorities demand Minister of Finance’s resignation