taxes

Scrapped capital gains tax another sign of slapdash economic policies
Business

Scrapped capital gains tax another sign of slapdash economic policies

An abrupt implementation of a 10 percent capital gains tax on shareholders and investment funds that profited from the takeover…
More than LE130 bn in tax revenue received over nine months
Business

More than LE130 bn in tax revenue received over nine months

Egypt collected LE132.1 billion in tax revenue from July to 31 March, said Mamdouh Omar, head of the Egyptian Tax…
Orascom denies settlement with government
Business

Orascom denies settlement with government

Statements by Finance Minister al-Morsy Hegazy and the Real Estate Tax Authority over negotiations with Orascom Construction Industries to end…
Stock market slightly rises at end of trading
Business

Stock market slightly rises at end of trading

Egypt’s stock market rose slightly by the end of trading Sunday, the first session of the week, reversing the significant…
Authority waiting for tax reform green light
Business

Authority waiting for tax reform green light

Egyptian Tax Authority President Mamdouh Omar is waiting for the green light to impose tax increases President Mohamed Morsy suspended…
Traders protest price increases of prepaid phone cards
Egypt

Traders protest price increases of prepaid phone cards

A large number of owners of telephone call centers staged a demonstration in front of the Cairo Chamber of Commerce,…
New mobile line taxes could generate LE750 mn
Egypt

New mobile line taxes could generate LE750 mn

Amr Badawy, executive director of the National Telecommunication Regulatory Authority, said the projected tax proceeds from the sales of cell…
Authority pursues LE20 bln in late taxes
Business

Authority pursues LE20 bln in late taxes

Tax officials are pursuing LE20 billion in back taxes this fiscal year as part of an effort to exceed last…
Finance Ministry: tax changes in January 2013
Egypt

Finance Ministry: tax changes in January 2013

Finance Minister Momtaz al-Saeed said changes to taxation, including the increased taxes on some goods, will be applied in January,…
New taxes will not affect lower income categories, govt claims
Business

New taxes will not affect lower income categories, govt claims

Finance Minister Momtaz al-Saeed said Monday that a planned set of tax amendments will not adversely affect people with low…
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