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Business
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Economy
11/27/2023 6:39:26 PM
Egypt doesn’t collect the value-added tax (VAT) in foreign currency on imports but on goods and services that are typically paid for in foreign currency, said Minister of Finance Mohamed Maait on Monday, according to a Cabinet statement.
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Business
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Economy
11/6/2023 3:26:06 PM
Egypt's Minister of Finance Mohamed Maait announced that draft legislation amending the income tax law will be presented for community dialogue soon, according to an official statement on Monday.
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Egypt
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Health
10/30/2023 10:36:55 AM
Egypt’s parliament – the House of Representatives – approved on Sunday a government-drafted amendment to the 2016 VAT law to impose a tax of EGP 0.50 on tobacco products sold on the local market.
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Business
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Economy
10/21/2023 1:56:08 PM
The US budget deficit has widened to $1.7 trillion, government data showed on Friday, in a development that could add pressure on President Joe Biden as he seeks reelection in 2024.
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Al-Ahram Weekly
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Egypt
10/17/2023 8:55:38 PM
Parliament has approved two laws aimed at giving financial support to limited-income classes and attracting foreign investments
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World
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War in Ukraine
10/11/2023 8:42:00 PM
Ukraine is to receive 1.7 billion euros ($1.8 billion) from taxes on the interest generated from Russian funds frozen in the wake of Moscow's invasion of its neighbor, Belgium's prime minister said Wednesday.
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Business
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Economy
10/11/2023 3:03:47 PM
Egypt's elevated debt in FY2023/2024 is the result of several factors, including high spending on interest rates, Ruud De Mooij, deputy director of the Fiscal Affairs Department at the International Monetary Fund (IMF), told Ahram Online.
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Al-Ahram Weekly
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Egypt
10/10/2023 11:51:22 PM
The House and the Senate face a full agenda, writes Gamal Essam El-Din
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Al-Ahram Weekly
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Opinion
10/10/2023 5:19:36 PM
Should the informal economy in the developing countries be left to its own devices or should it be integrated into the formal economy to reflect its role in the GDP, increase tax revenues and social security coverage, asks Mahmoud Mohieldin
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Business
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Economy
9/14/2023 7:37:59 PM
The Egyptian Cabinet issued a draft law to relaunch the zero-customs car import initiative for expats for three months, according to a statement on Thursday.
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World
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Africa
9/7/2023 5:57:33 PM
Renewables funding, global finance reform and carbon taxes head the demands formulated by African nations at a summit in Nairobi this week as the world heads towards annual climate negotiations.
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Al-Ahram Weekly
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Economy
9/5/2023 9:18:00 AM
President Abdel-Fattah Al-Sisi has instructed the cabinet to implement a fresh package of incentives to support industrial activity and accelerate localisation.
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Business
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Economy
8/29/2023 7:03:07 PM
Chancellor Olaf Scholz's government on Tuesday agreed a huge tax relief programme for companies in a bid to revive Germany's sputtering economy.
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Business
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Economy
8/27/2023 10:26:51 PM
Egypt’s President Abdel-Fattah El-Sisi directed the government on Sunday to implement a package of incentives, including tax exemptions, to support projects in strategic industries.
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Business
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Economy
8/13/2023 5:21:50 PM
The Egyptian government announced that they would repay participants who applied for the tax-free car import initiative and paid the full amount, after slashing costs by 70 percent in May.
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Egypt
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Society
8/11/2023 6:27:24 PM
Minister of Emigration and Expatriates Affairs Soha Gendy said those who previously registered for the initiative enabling Egyptians living abroad to import a tax-free car into Egypt can still benefit from it even after it officially expired in May.
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Business
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Economy
8/10/2023 4:01:25 PM
Egypt has lowered its estimates for the debt-to-GDP ratio to 95.6 percent for the fiscal year 2022/2023, down from 97 percent, Minister of Finance Mohamed Maait stated, according to a Cabinet statement on Thursday.
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Al-Ahram Weekly
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Egypt
8/7/2023 4:25:00 PM
The announcement of an anticipated tax increase on tobacco products has resulted in parallel-market price hikes and financial losses to the state treasury.
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Business
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Economy
8/6/2023 11:00:27 PM
Travelers to Egypt have brought around 600 kilograms of gold from abroad under a national decree exempting gold from customs duties and other fees except for value-added tax (VAT), an advisor to the Ministry of Supply and Internal Trade has said.
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Business
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Economy
7/31/2023 9:30:00 AM
Egypt’s informal economy still accounts for 40 percent of GDP, despite government efforts to regulate it through formal integration, according to recent data from the Cabinet's Information and Decision Support Center (IDSC).
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