Latest in Tag: finance ministry Highlight
Latest in Tag: finance ministry
Finance Ministry reduces stamp tax to 0.5 per thousand, postpone capital gains tax
The decision will be presented to the economic ministerial group in its meeting today. The discussion is supposed to include approving incentives to stimulate the Egyptian Exchange (EGX), such as giving companies a tax deduction if they resort to offering in EGX, in order to stimulate the money market.
Finance Ministry rejects SMEs law article amendments
MSMEDA given five years, administrative detention stopped
Finance Ministry downgrades oil prices’ expectations to $64 per barrel
Interest rates to slightly decrease by end of FY2019/20, says report
Finance Ministry allocates EGP 28.17bn to 7 state-run bodies in 1H2019/20
The allocations for General Authority for Supply Commodities includes $970.2m letters of credit to import 4.158 tonnes of wheat.
Egypt plans to issue green bonds before June-end: Finance Ministry
Cabinet agrees to issue $500m green bonds, $5bn international bonds in FY 2019/20, says Kouchouk
Communications, Finance Ministry discuss equipping infrastructure to implement “one-stop shop” system
This aims to ensure the sustainability of the quality of performance, speed, and accuracy of delivery in a manner that reduces the customs release time and costs of clearance. It also targets improving Egypt’s ranking in the World Bank’s “Logistics Performance Index” which will coincide with better facilitating cross-border trade.
Recent interest rate cuts save EGP 20-25bn in state budget: Finance Ministry
Interest cuts will not affect attractiveness of government debt instruments, says Kouchouk
Egypt’s T-Bills’ auction closes more than 3-folds oversubscribed: Finance Ministry
Accepted offers registered at EGP 5.8bn, yield less than 14.5%
Finance Ministry finishes initial draft of New Income Tax Law and is currently under review
By 2030, Egypt will be among 10 economic tigers, due to its rapid economic growth, says finance minister
Egypt to offer $3-7bn worth T-Bonds including Panda, Samurai, Green bonds: Finance Ministry
First portion of EGP 1bn financial package for Sovereignty Fund already transferred
Finance ministry allocates EGP7.8bn for modernising informative infrastructure, digital content
Digital transformation is one of the pillars that promote the economic GDP growth, says finance minister Moeit
Finance Ministry offers tax, non-tax incentives in MSMEs draft law
The ministry added in a press statement, on Saturday, that this law aims to improve the growth structure and raise its rates, which will subsequently provide more job opportunities for youth.
Finance Ministry plans to float EGP 160.75bn worth debt instruments during September
Ministry is issuing 16 offerings of EGP 151bn worth T-Bills and 8 T-Bonds offerings of EGP 9.75bn
Finance Ministry seeks to impose taxes on Facebook ads: Moeit
“We asked government to send e-commerce draft law for discussion, to be ready by November,” says MP
Outstanding balance of T-Bills exceeds EGP 1.201tn end-June: Finance Ministry
T-Bills due between July 2019 and June 2020
Government plans to offer treasury T-Bonds, T-Bills worth EGP 146.5bn in June
Finance Ministry borrowed about EGP 184bn in T-Bills, T-bonds in April, about EGP 148bn in May
Finance Ministry targets $1bn worth financing for energy sector
Ministry, JICA to ink MoU for future cooperation in health, energy
Finance Ministry reduces customs dollar for non-essential goods to EGP 17.24
The Ministry of Finance reduced the customs dollar exchange rates for non-essentials goods to EGP 17.24 in May, down from EGP 17.385 April, while keeping its price unchanged at EGP 16 for strategic commodities, the ministry announced on Wednesday. In December 2018, Egypt announced ending the discounted customs exchange rate for some imported goods, which …
EGP 1.852tn balance of local T-Bills, T-Bonds by end-March
EGP 1.158tn balance of T-Bills, EGP 694.4166bn T-Bonds, international bonds by $23.21bn and $4bn: Finance Ministry
Egypt imposes temporary 15% import tariff on iron billets, 25% on steel rebar
Egypt’s Finance Ministry has imposed, on Monday, a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days. The ministry announced that the tariff aims to protect Egypt’s domestic iron and steel industry against dumping, and unfair competition. Local steel manufacturers have been calling on the government to …
Egypt has no intention to impose taxes on social media ads: Finance Ministry
There is no intention at the current time to impose taxes on social media websites advertisements, Salah Youssef, the deputy minister of finance and head of the research department at the Egyptian Tax Authority, said on Monday. On the sidelines of the symposium of the Egyptian Junior Business Association (EJB) to discuss the new taxation …
Government plans to borrow EGP 478.5bn to fill budget deficit
Finance Ministry launches bids for T-Bills, T-Bonds for EGP 184bn in April, EGP 148bn in May, EGP 146.5bn in June
Finance Ministry tests machine which exchanges banknotes to coins
Mint Authority previously announced issuance of coins which bear images of major Egyptian national projects
Outstanding balances of T-bonds fell by EGP 10.4bn by end December 2018: Finance Ministry
Bonds due between 25 February 2019 – 6 November 2028
No date set yet for issuing Panda, Samurai-bonds issuance: Finance Ministry
The statement came following media reports that Egypt will offer around $2bn worth of Samurai bonds in the coming period.
Finance Ministry to issue commemorative coins documenting national achievements
Egypt’s Ministry of Finance intends to issue coins of EGP 1 and 50 piasters to document major national projects recently established in the country. These coins will be available at their nominal value. The decision aims to increase public awareness of national achievements in various fields which seek to improve the living conditions of Egyptians. …
Outstanding balance of local T-bonds fall by EGP 8bn at November-end: Finance Ministry
T-bonds worth EGP 15bn due in December, remaining balances due between February 2019, November 2028
Outstanding balances of international T-Bonds up to $20.57bn at end of November: Finance Ministry
2 T-bond tranches worth $2.57bn were floated for 8, 12 years on 19 November bearing interest rates of 7.125%, 7.625% respectively
Finance Ministry, FEB will decide tax accounting on government debt instrument Wednesday
Following this decision, the FEB formed a specialised committee to study this decision and its impact on the banks’ profits.
Finance ministry to cancel RTA’s right to appeal property rental value assessment
Interest of delay in tax payment is calculated as follows: the CBE’s discount rate + 2%
