Income Tax

Egyptian president instructs government to prepare bundle of financial measures to face global economic downturn

Mon, 21 Mar 2022 - 11:02 GMT

While checking the FY2022/2023 draft budget, President Abdel Fatah al-Sisi instructed the government to immediately prepare a bundle of financial and social protection measures.

Details of draft law amending some provisions of Egypt's Income Tax Law

Wed, 02 Feb 2022 - 12:50 GMT

The first tranche: Up to an amount of LE 250,000, an amount of LE 1,500 will be obtained.

Cabinet approves amendments to stamp tax law, income tax law

Thu, 07 May 2020 - 03:07 GMT

The draft law states that the non-resident seller and the resident buyer shall pay a stamp tax at 1.25 per thousand from the total sale value.

House approves bill amending some provisions of income tax law

Tue, 21 Apr 2020 - 05:40 GMT

House Speaker Ali Abdel Aal said the final vote will be held Wednesday during a plenary session.

Cabinet denies raising income tax in new draft law

Thu, 26 Sep 2019 - 01:09 GMT

In a press release on Thursday, the center said it contacted the Finance Ministry, which categorically dismissed these reports as "baseless".

Cabinet denies false news directly affecting people

Mon, 10 Sep 2018 - 10:42 GMT

The cabinet’s media council denied the rumors widely circulated recently in fields of health, transportation, supply and subsidy, education, and employment.

Three held as $1.8 billion fraud ripples through Indian banks

Sun, 18 Feb 2018 - 07:34 GMT

India’s federal police detained two employees of Punjab National Bank says it has been the victim of a $1.77 billion fraud, in the first arrests in a fast-widening probe into the country’s biggest-ever bank scam.

Australia's BHP flags $1.8 billion charge from U.S. tax reform

Tue, 13 Feb 2018 - 07:21 GMT

BHP Billiton said on Tuesday it will record a $1.8 billion income tax expense due to cuts in the U.S. Federal corporate income tax rate.

Parliament approves amendments to the income Tax Law

Mon, 29 May 2017 - 10:32 GMT

The parliament passed on Monday a bill of amendment on some provisions of the income Tax Law no. 91 of 2005.

Tax revenues register 291B EGP, first 10 months of FY2016/17

Mon, 08 May 2017 - 09:38 GMT

Tax revenues recorded 291.13 billion EGP during the first ten months of the current fiscal year (FY) 2016/17