Latest in Tag: finance ministry Highlight
Latest in Tag: finance ministry
Finance Ministry plans to expand tax segments on cigarettes to more than EGP 30
A trend to impose EGP 1.125 on luxurious and medium cigarettes
Finance Ministry considers increasing cigarette prices by EGP 0.5-2
We have submitted a proposal to increase the tax on imported hookah tobacco by 175% next fiscal year, says Imbaby
Egypt’s international bonds stock increase to $14.5bn
The bond’s terms range from 1 year to 30 years and due to be paid in June 2017 until January 2047
Finance ministry allocates EGP 9.4bn for sanitation in health budget for FY 2017/2018
The parliament insisted on the health allocations defined by the constitution, says MP Magdy Morshed
Finance Ministry raises USD value at customs to EGP 17 starting Thursday
Importers will have to re-price their products according to the new value, prices may increase, says Alaa Ezz
Outstanding T-Bond balance falls by EGP 13.592bn: finance ministry
EGP-denominated bonds amount to EGP 712.68bn, next to $11.5bn on foreign markets
Tourism federation submits note to finance ministry to postpone VAT
July will see increase in visa fees from $25 to $60, along with higher tickets for archaeological sites
Finance ministry presents new bill for income tax exemption to parliament in March
New scheme allows for different exemption ratios, say sources
Finance ministry working to reduce budget deficit to 3-4% by 2021: El-Garhy
Minister of Finance Amr El-Garhy said during a meeting of the American Egyptian Chamber (AmCham), that the ministry is working to reduce the budget’s deficit to 3-4% by the year 2021, adding that it’s one of the current challenges facing the government. In the meeting held on Sunday, the minister stated that the government has …
Outstanding balance of treasury bonds declines to EGP 12.1bn at end of January: Finance Ministry
Banks operating in the local market are the largest investors in government debt instruments that are offered to cover the state budget deficit
Finance Ministry presents tax reform plan of 2017
We are working to add amendments to the tax law to postpone capital gains and approve investment incentives in tax law: El-Mounir
Prosecution detains Finance Minister’s advisor on corruption charges
Three defendants accused of bribery over land value manipulation
Finance Ministry fixes value of customs US dollar at EGP 18.5 until end of February
The Ministry of Finance decided to maintain the price of the US dollar used at customs at EGP 18.5 until the end of February, applicable to all imports. Magdy Abdel Aziz, head of the Egyptian Customs Authority, said that the new price will be effective on Tuesday at all ports. He pointed out that the …
Finance Minister announces terms of IMF loan agreement
Agreement includes passing bankruptcy law, and canceling fuel subsidies in 3-5 years
Ministry of Finance prepares new legislation for income tax, customs, tenders and auctions: El-Garhy
The ministry targets to increase tax revenues to 15% of GDP
Egypt’s balance of international bonds increases to $7.5bn by end of December: Finance Ministry
Three offerings in Berlin stock exchange on 10 November worth $4bn with a yield between 4.622% and 7%, repaid from 10 December 2017 to 10 November 2028
Finance Ministry refuses to raise price of sugarcane above EGP 620 per tonne: parliamentary sources
The current increase will be reconsidered at a later time, says Maximus; price of beet not agreed upon, say sources
EGP 747.92bn total outstanding balances of local treasury bonds as of end of October 2016: Finance Ministry
The size of outstanding balances of treasury bonds in Egyptian pounds owed by the government reached approximately EGP 747.92bn as of the end of October 2016, according to the Ministry of Finance. The ministry said in a recent report that there are two kinds of bonds in Egyptian pounds. The first kind is the bonds …
Finance Ministry to offer $2.5-3bn in treasury bonds by mid-January
The government will offer US dollar treasury bonds worth $2.5-3bn in mid-January, according to Minister of Finance Amr El-Garhy. He added that another offer of the same value will take place in the second half of 2017. The ministry had initially intended to offer these bonds this week but five investment banks advised a postponement …
UPDATE: Interest rate on New Suez Canal investment certificates increases to 15.5%
This move is necessary, but investing in projects to increase exports is more profitable, says economist
Al Nowais negotiates with Finance Ministry to issue sovereign guarantee for Oyoun Moussa coal plant
Orascom Construction competes to establish Hamrawein plant; examination of offers to end in December
NTRA, Finance Ministry determine application mechanisms of VAT on top-ups
The agreement includes not changing prices after the tax is increased to 14% next year
Government visits Paris to discuss social health insurance system: Ministry of Finance
System implementation to provide citizens with high quality health services, abiding by international standards
Finance Ministry denies claims that VAT will affect prices of petroleum products
VAT exempted goods will include all essential goods and services, says Ministry of Finance
Treasury bond balance increases by EGP 5.1bn at end of July: Finance Ministry
The Ministry of Finance has announced that the government’s outstanding balance in local currency treasury bonds reached EGP 750.1bn by the end of July, an increase of EGP 5.1bn from EGP 745bn in June. A recent report issued by the Ministry of Finance details two types of bonds in Egyptian pounds. The first is the …
Egypt to repay international bonds worth $3bn in December 2016: Finance Ministry
Egypt has other bonds worth $3.5bn that will be repaid in the period from 1 June 2017 until 29 April 2040
New incentives to maximise tax revenues, comprehensive restructuring of IRS: Finance Ministry
New legislation stipulates that collecting taxes protects the rights of the state, taxpayer
Value of 1st IMF tranche not determined yet: Finance Minister
Value of 1st tranche to be determined during coming 4 to 6 weeks, says minister
Comprehensive plan to reform tax system is imminent: deputy finance minister
Standardised tax procedures act to protect employees, financiers almost completed
Arbitration, Finance Ministry guarantee hinder wind plant establishment with Toyota’s alliance
The concern about ‘arbitration inside Egypt’ is moving from tariff projects to competitive tenders