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Egypt seeks to integrate the parallel economy into the official one
20 August 05:42 PM Egypt discusses social media tax draft law with Facebook officials
Cairo – Mubasher: Egypt is set to issue a new income tax draft law that includes the introduction of a tax on advertisements posted on social media websites and online platforms, the country’s finance minister Mohamed Maait said. Maait has met …
Cairo Investment’s net profits hit EGP 231.56 million in 9 months
18 August 01:24 PM Cairo Investment adds 7 faculties to Badr University
Cairo- Mubasher: Egypt’s cabinet has approved the presidential decree to add seven faculties to Badr University (BU), as part of Cairo Investment and Real Estate Development’s investments. The cabinet has assented adding Faculty of Medicine, …
The financial impact of this court judgment will be reflected in the third quarter of 2019
30 July 09:54 AM Kuwait’s IFA obtains final court judgment on tax exclusion
Mubasher: International Financial Advisors (IFA), listed on Boursa Kuwait and the Dubai Financial Market (DFM), on Tuesday announced it has gotten a final court judgment by the Court of Cassation to exclude KWD 1.76 million of total tax assessment …
Egypt's planning ministry is currently applying strategies to settle financial disputes
29 July 05:17 PM Egypt gov’t settles EGP 15.7bn debts from Railway Authority
Cairo- Mubasher: Egypt’s Minister of Planning Hala El Said announced the settlement of EGP 15.7 billion worth of debts due from the Egyptian Railway Authority to the National Investment Bank (NIA). The Egyptian government has obtained assets owned …
Egypt's FinMin signed a contract to launch the electronic bill project
29 July 04:45 PM Egypt inks deal with Microsoft to launch e-bills
By: Ahmad Allam Cairo - Mubasher: Egypt’s Minister of Finance Mohamed Maait announced that a contract was concluded with IBM and SAP companies for an electronic tax payment platform. The ministry has also signed a deal with Microsoft to launch the …
The stamp duty will be kept at EGP 1.5
11 July 04:48 PM Egypt’s parliament approves scraping stamp tax rise on stock trades
Cairo – Mubasher: Egypt’s parliament has approved a draft law maintaining stamp duty tax on trading on the Egyptian Exchange (EGX) at EGP 1.5 per 1,000 until 16 May 2020, Middle East News Agency (MENA) reported. The law includes cancelling the …
The new law aims at enhancing the reliability of e-commerce across the kingdom
10 July 02:03 PM Saudi Council of Ministers approves E-Commerce Law
Riyadh – Mubasher: Saudi Arabia’s Council of Ministers has approved the Electronic Commerce Law (E-Commerce Law) on Tuesday’s meeting, Saudi Gazette reported. The new law aims at enhancing the reliability of e-commerce across the kingdom in a bid …
Egypt Post Authority’s budget for fiscal year 2018/19 was EGP 54.5 billion
7 July 05:35 PM Sisi approves FY2019/20 budget of Egypt Post Authority
Cairo – Mubasher: Egypt’s President Abdel Fattah El-Sisi has issued law no. 103 of 2019 for linking the budget of Egypt Post Authority to fiscal year 2019/20, after being ratified by the parliament. The estimated budget for Egypt Post stood at EGP …