Latest in Tag: tax Highlight
Latest in Tag: tax
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
Europe’s top competition watchdog could be looking to take a big bite out of the world’s largest fast-food chain as it launches a full-blown investigation into McDonald’s dubious tax dealings with Luxembourg. European Competition Commissioner Margrethe Vestager on Thursday announced she was probing whether the Grand Duchy had granted the US multinational “advantageous tax treatment …
Sources believe Amer is likely to agree to Federation of Egyptian Banks memo to reject tax
Environmental group Greenpeace has demanded an end to lower taxes for diesel. The call comes after a study showed higher measurements of pollutants in a number of German cities. Greenpeace said the financial privileges enjoyed by diesel were no longer sustainable, citing its own survey of public opinion. While diesel engines generally have lower carbon …
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
How are Greeks dealing with the country’s new value-added tax? Where are they cutting corners? As Marinathi Milona reports from Thessaloniki, many Greeks feel the increase is the right plan at the wrong time.
Amended law presents new system for salaries and vacations for civil workers
No one will be harmed by application of the civil service law, says Dimian
Rating agency Moody’s expects that lower oil prices in FY 2014/2015 will reduce fuel expenses to around EGP 70bn compared to EGP 100bn in the original budget
Government continues to pursue same polices undertaken by NDP, by favouring interests of investors and businessmen over those of citizens, the statement read
Market indices increase more than 5% following the decision
According to Article 60, the law imposes a tax of 15% of advertising expenses on advertising via cinema houses, television screens, radio, billboards, or posters on buildings or vehicles.
Meeting to take place to determine next step for capital gains tax
Total income tax revenues decreased to 28% during the period from July to February in the current FY
The government considers with economic decisions and actions serve the foreign investor only, without considering the local investor, Holding Company for Spinning and Weaving member
Imposing new cigarette tax supports general state budget providing healthcare expenditure requirements, says Hossam El-Kawish
The United Bank will introduce in all branches a service for paying all government dues, such as individual and company taxes and customs, the bank’s chairman Mohamed Ashmawy revealed Thursday. The move comes in cooperation with the Ministry of Finance. Ashmawy stressed the significance of enhancing electronic payments in Egypt, instead of depending on traditional …
By Ahmed Amer The Federation of Egyptian Industries (FEI) has submitted a proposal to the ministries of Industry and Finance to amend the tax and customs system in place for the automotive sector. The proposal includes reassessing the sales tax on local and imported cars to boost domestic products, and granting advantages and competitiveness against …
Decision to support Mortgage Finance Fund’s activities and amended mortgage law would not touch on safeguards for registration of residential real estate