Approval Council finally approves the amendments to the “stamp tax and resource development fee”

The House of Representatives, during its plenary session today, Monday, headed by Counselor Dr. Hanafi Jabali, finally approved a draft law submitted by the government to amend some provisions of the Stamp Tax Law promulgated by Law No. 111 of 1980, and Law No. 147 of 1984 imposing a fee for developing the state’s financial resources, and Law No. 24 of 1999 imposing a tax in return for entering theaters and other places of entertainment and amusement parks, and the vote on the draft law was standing.

The parliament had approved the draft law as a whole, during its session on Sunday, after discussing the report of the joint committee from the Plan and Budget Committee and the Office of the Constitutional and Legislative Affairs Committee on the project.

According to the report of the joint committee, the draft law comes within the framework of the state’s constant endeavor towards sustaining efforts to develop the public revenue system, in a way that contributes to providing for the sustainability of efforts to develop the public revenue system, providing the required funding to meet the needs of budget agencies on the expenditure side, and ensuring their ability to achieve their goals.

The draft law aims to develop the public revenue system and make some amendments to some tax laws to increase the resources of the state’s public treasury, in favor of providing the funding required to meet the needs of public spending, especially social protection programs such as the “Solidarity and Karama” initiative, which needs 6 billion pounds to increase the number of beneficiary families from 2.5 million. citizen to 5.1 million families, or about (25 million Egyptian citizens).

The report indicated that the draft law was consistent with the state’s tendency to contribute to providing the funding required to meet all the needs of the budget agencies in terms of spending, ensuring the ability to achieve its goals, and searching for new sources of financial resources in order to contribute to meeting the financial needs of the state, which leads to an increase in the state’s resources. Public treasury.