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By JLCC
- In Agency
Industrial development: Payment of operating license follow-up fees, to be every 3 or 5 years
In response to the desire of industrial investors and to facilitate procedures, Eng. Ahmed Samir, Minister of Trade and Industry, issued Resolution 172/2023 with new facilitations for owners of licensed industrial establishments. The decision stipulates that the owner of the industrial facility for which an operating license has been issued by the Public Authority for […]
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Taxes: Online technical workshops for taxpayers who are bound by the salary standardization system
Mukhtar Tawfiq, Head of the Egyptian Tax Authority, announced that the Authority has organized online technical workshops for taxpayers who are bound by the second phase (the second sub-stage) of the system for standardizing the foundations and criteria for calculating wages and salaries tax, which will be implemented as of June 15, 2023, on Wednesday […]
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- In Agency
India and China are at the top of 10 nationalities that obtained a work permit for foreigners in 2021
The data of the Central Agency for Public Mobilization and Statistics revealed the ranking of the 10 most important foreign nationalities that obtained work permits in the private and investment sectors in 2021. The order of nationalities came as follows: India has 1,205 foreign workers, or 9% of the total. China 1085 foreign workers, or […]
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Industrial Development is looking with developers to attract investment and deepen the industry
Engineer Mohamed Abdel Karim, Chairman of the Industrial Development Authority, held a consultative meeting with representatives of the industrial developer companies operating in Egypt with the aim of listening to their proposals and reaching the best perception and consensus on the new generation of industrial developer areas and discussing mechanisms for expanding dependence on the […]
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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 […]
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Taxes: The electronic receipt system is a natural extension of the electronic bill system
Mukhtar Tawfiq, head of the Egyptian Tax Authority, confirmed that the development and engineering of the procedures achieved by the Tax Authority is a quantum leap that contributes to improving the mental image of its customers in terms of replacing paper procedures with automated procedures, which prompted the Tax Authority to launch several electronic systems, […]
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“Higher Investment”: Allowing the foreign investor to be registered in the importers register for 10 years
Today, President Abdel Fattah El-Sisi chaired the first meeting of the Supreme Investment Council after its restructuring, in the presence of Dr. Mostafa Madbouly, Prime Minister, Hassan Abdullah, Governor of the Central Bank, and ministers, officials and representatives of the private sector who are members of the Council. Counselor Ahmed Fahmy, the official spokesperson for […]
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Everything you need to know about tax filing season
The season for submitting tax returns for legal persons ends on April 30, and the Ministry of Finance aims from this season to achieve a large percentage of the budget’s targets by collecting more than one trillion pounds in tax revenues during the current fiscal year, and “The Seventh Day” presents the most prominent questions […]
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- In Agency
Statistics: 98.7% increase in the value of Japanese investments in Egypt within a year
Data from the Central Agency for Public Mobilization and Statistics showed an increase in the value of Japanese investments in Egypt, reaching $73.7 million during the fiscal year 2021/2022, compared to $37.1 million during the fiscal year 2020/2021, an increase of 98.7%. The value of trade exchange between Egypt and Japan amounted to $1.1 billion […]
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- In Agency
Head of the Customs Authority: Activating artificial intelligence to control shipments
Al-Shahat Ghaturi, Head of the Customs Authority, issued Instructions Circular No. 18 of 2023, to activate all the tools of the customs risk system on a window platform, on which the new risk system relies in terms of benefiting from artificial intelligence techniques in the system in all elements of the import process, and updating […]
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