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March 14 2024

Raising the exemption limit from 40,000 to 60,000 pounds.. “Representatives” approve amendments to the “income tax”

During the plenary session, today, Monday, the House of Representatives finally approved a draft law amending some provisions of the Income Tax Law, by raising the tax exemption limit to 60,000 pounds instead of 40,000 pounds, and implementing it from the first of next March. During the session, Dr. Fakhri Al-Feki, Chairman of the Plan […]

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March 14 2024

Minister of Finance: A supplementary agreement for the protocol to avoid double taxation and prevent evasion with the UAE

We are keen to enhance economic and investment cooperation opportunities in light of the growing bilateral relations between the two brotherly countries Dr. Mohamed Maait, Minister of Finance, confirmed that the supplementary agreement for the Protocol to Avoid Double Taxation and Prevent Evasion of Income Tax, which was signed with the Emirati side on the […]

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March 14 2024

The fundamental differences between the shares of founding partners in joint-stock companies and stocks.. Parliamentarian

The “Parliamentary” website, which specializes in legislative and parliamentary affairs, monitored in a report entitled: “For investors… What are the fundamental differences between the founding shares of partners in joint-stock companies and stocks?”, during which it reviewed 3 differences identified by the legislator, the most prominent of which are the share and the instrument. It […]

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March 14 2024

Know how to obtain the commercial register for individuals and companies in accordance with the law

Trade Law No. 17 of 1999 established several procedures and conditions for issuing the commercial register and registering in it, as Article 31 of it stipulates that a register shall be prepared in the competent administrative authority in which the names of merchants, whether individuals or companies, are recorded, and they apply with regard to […]

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March 14 2024

Learn about the controls for conducting an individual employment contract in accordance with the law

Labor Law No. 12 of 2003, as amended by Law No. 180 of 2008, specifies the controls for conducting an individual employment contract, as Article 32 of the law stipulates that the employer is obligated to write the employment contract in writing in the Arabic language in three copies, the employer keeps one and delivers […]

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March 14 2024

Conditions for obtaining a certificate of enjoyment of small and medium enterprise incentives

The Small, Medium and Micro Enterprise Development Law stipulates a number of controls that must be met in order to obtain a certificate of enjoyment of the incentives stipulated by the law, in accordance with Article 94. The law stipulates the necessity of following these controls and conditions to obtain this certificate as follows:

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March 14 2024

The 14 most prominent decisions to support industry in Egypt to increase local production.. Learn about them

The government has provided a number of benefits and incentives to the industrial sector through many financial measures and policies adopted by the state, within the framework of working to improve the growth structure of the national economy to become more diversified and competitive, relying on local production and exports, and more capable of absorbing […]

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March 14 2024

The Enterprise Development Authority signs two new contracts to finance micro-projects

Basil Rahmi, CEO of the Enterprise Development Agency, witnessed the signing of two contracts between the agency and Aman Company to finance microprojects in the amount of 160 million pounds. The first contract, in the amount of 100 million pounds according to the microfinance project to finance all target groups in all governorates, and the […]

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March 14 2024

7 decisions to increase foreign direct investment to $12 billion within 23/24

The government aims to attract net foreign direct investments worth $12 billion during the current fiscal year, an increase of 20% over what was achieved during the last fiscal year, with the aim of increasing the investment rate, which will contribute to reaching the economic growth rate to between 7-9%, and raising the sector’s economic […]

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March 14 2024

Learn about the penalty for late submission of payroll tax returns

Law 206 of 2020, promulgating the Unified Tax Procedures Law, specifies the penalty for performing a number of acts that are considered a crime under the law, as the law stipulates that he shall be punished with a fine of not less than 3 thousand pounds and not exceeding 50 thousand pounds, in addition to […]

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