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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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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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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
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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Business
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Economy
7/23/2023 6:29:53 PM
Egypt's tax authorities have generated EGP 8.8 billion ($286 million) from 7,305 tax evasion cases, out of 22,000 discovered since the launch of the e-invoice system in November 2020, according to a statement by the Ministry of Finance on Sunday.
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Al-Ahram Weekly
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Egypt
7/21/2023 12:29:00 PM
No new taxes are planned on crisps and other snacks in Egypt, one of the economy’s major success stories.
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World
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Africa
7/19/2023 8:41:14 PM
Police in Kenya opened fire on protesters in clashes that left at least 12 people wounded Wednesday as the opposition organized demonstrations calling for the government of President William Ruto to lower the cost of living.
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Business
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Economy
7/2/2023 7:30:44 PM
More than 65,000 tax disputes, spanning seven years, have been settled away from court, said Finance Minister Mohamed Maait.
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Business
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Economy
6/20/2023 5:35:29 PM
Experts and party representatives at the Egyptian National Dialogue emphasized the importance of rationalizing public spending and reducing reliance on loans during a session on reforming the state's general budget on Tuesday.
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Al-Ahram Weekly
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Egypt
6/1/2023 12:28:00 AM
Egypt’s parliament has approved a new package of tax reforms aimed at increasing revenues.
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Egypt
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Politics
5/24/2023 9:54:54 PM
The House of Representative’s Budget Committee approved on Wednesday proposed amendments to the Resource Development Law 147/1984, stipulating new departure fee from the country, with a reduced one for certain tourists and exemptions for the diplomatic corps.
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Egypt
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Politics
5/24/2023 9:13:15 PM
The House of Representatives' Budget Committee approved Wednesday amendments to the Entertainment Tax Law, stipulating new taxes on a host of activities including going to see foreign movies at cinemas, holding parties in social clubs, as well as animals and safari shows.
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Business
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Economy
5/18/2023 3:40:48 PM
Egypt has amended the Value Added Tax (VAT) Law to facilitate procedures for waiving VAT taxes on machines and equipment imported for production, according to a statement by the Ministry of Finance on Thursday.
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Business
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Economy
5/10/2023 10:47:10 PM
The Egyptian cabinet approved in its weekly meeting on Wednesday an agreement between Egypt and Qatar that aims to eliminate double taxation on income taxes and prevent tax evasion and avoidance.
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Business
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Economy
5/8/2023 12:59:27 PM
Egypt’s initiative enabling citizens outside the country to import cars free of customs duties and taxes has brought in $713 million in transfers since its launch in October 2022, or nearly 30 percent of its original target, according to figures released by Minister of Finance Mohamed Maait on Monday.
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Business
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Economy
4/4/2023 4:57:51 PM
The Egyptian Tax Authority (ETA) has announced plans to open a USD banking account in order to facilitate the collection of taxes from foreign companies in US dollars, ETA Head Mokhtar Tawfik announced on Tuesday.
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Al-Ahram Weekly
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Egypt
3/21/2023 8:38:36 PM
The government has introduced new income-tax exemptions and allowances as part of efforts to mitigate the effects of rising prices, reports Nahla Abul-Ezz
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Business
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Markets & Companies
2/7/2023 10:38:55 AM
British energy company BP reported record annual earnings on Tuesday amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine.
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