News and Updates

Challenges of financial management in 2021, What Are The Challenges Faced by Finance Professionals?

The corporate world seems to be changing rapidly, and the accounting and finance industry is no exception. Gone are the days when finance teams spent all their time on a day-to-day, transactional tasks, and recordkeeping. Finance roles are changing in new and exciting ways, with the focus on financial planning and analysis higher than ever before. Additionally, the expectations of business leaders from finance professionals seem to have increased with time. The traditional finance department used to be a completely [...]

December 30, 2020 By News and Updates 0 Comments
Read more...

Dividend and Capital Gains Tax at Egypt

The dividend will be 10% on all dividend distributions made by private companies for both residents and non-residents. The dividend will be 5% on all dividend distributions made by private companies listed on the Egyptian stock Exchange for both residents and non-residents. For resident individuals and corporations, capital gains are subject to a tax when they are realized from publicly listed securities, at a rate of 10%, taking into consideration that the tax on capital gains derived from the disposal of [...]

December 30, 2020 By News and Updates 0 Comments
Read more...

CORONA TAX EXECUTIVE REGULATIONS IN EGYPT

On August 13th,2020, the Government of Egypt issued Law No.170 for the year 2020. Below are the main points issued in the Executive Regulations. The Law requires companies to deduct 1% from all its employees ‘new salaries for 12 months from August 13, 2020 whether employed in the private or public sector except for those with a monthly income of 2,000 EGP or less (total monthly income not based on a monthly salary). Pensioners will see 0.5% less in their [...]

December 30, 2020 By News and Updates 0 Comments
Read more...

Look into LAW NO. 173 FOR THE YEAR 2020 TAX PENALTY WAIVER LAW IN EGYPT

On August 16th,2020, the Government of Egypt issued Law No. 173 For the Year 2020. The law was issued to waive penalties for delayed tax payments and interest on tax differences and penalties  for delayed payments. The law will come into effect implement on the following: – Customs – Stamp Duty Tax – State Resource Development Fund – Sales Tax – Value Added Tax – Real Estate Tax The law will be implemented as follows: – 100% of penalties for delayed tax payments and interest on tax differences [...]

December 30, 2020 By News and Updates 0 Comments
Read more...