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By JLCC
- In Agency
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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- In Agency
“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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- In Agency
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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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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- In Agency
Egypt comments on the amendment of “Standard & Poor’s” outlook for its economy
Egypt’s Finance Minister, Mohamed Maait, confirmed that his country will implement a package of financial, monetary and structural measures to deal with the concerns that prompted Standard & Poor’s to adjust the outlook for Egypt’s economy to negative. The minister stated that Standard & Poor’s decision to keep Egypt’s credit rating in both local and […]
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Cooperation between Industrial Development, UNIDO and Ain Shams University to develop industrial zones
Engineer Mohamed Abdel Karim, Chairman of the Industrial Development Authority, held a meeting with Ahmed Rizk, Acting Director of the Office of the United Nations Industrial Development Organization “UNIDO” in Egypt, and Prof. Dr. Yemen Al Hamaki, Professor of Economics at Ain Shams University, to discuss joint cooperation with the aim of strengthening capabilities The […]
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- In Agency
Putting effective risk management systems on top of the obligations of banks in accordance with the law
Law No. 194 of 2020 issuing the Central Bank and Banking System Law aims to raise the level of performance of the banking system, modernize and develop it, and support its competitive capabilities, in a way that qualifies it for global competition, to enhance the governance and independence of the Central Bank in a way […]
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- In Agency
How does the new nationality law support investment for investment?
A draft law submitted by the government came to amend some provisions of Law No. 26 of 1975 regarding the Egyptian nationality, in implementation of the ruling of the Constitutional Court, which ruled that the text of the second paragraph of Article (6) was unconstitutional, as it included limiting the right to acquire the Egyptian […]
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