Head of the Tax Authority (ETA) of Egypt, Emad Sami, revealed on August 26th that an amendment to the Income Tax Act has been drafted to allow the Minister of Finance to access corporate bank accounts in order to help…
The last year has seen the Egyptian Government focus on economic transformation, resulting in a bundle of decisions and laws supporting initiatives which aim to improve the living standard of Egyptian citizens. Below we provide an overview of the major…
On 23rd of February, 2017 the Egyptian President Abdel Fatah El Sisi issued the presidential decree no. 155 of 2016 ratifying the Income Tax Treaty concluded between Egypt & Kuwait on 16th of December 2014. The convention between Egypt and…
In anticipation from all concerned parties, the Egyptian Minister of Finance announced the issuance of the Executive Regulations of the Value-Added Tax law no. 67/2016 by the beginning of February 2017 after reviewing its draft by the People’s Assembly (the…
Egypt | March 2016 | Mandatory GOEIC Registration for importing products Egypt’s Ministry of Trade and Industry issued Decree 43/2016 amending the rules affecting the registration of factories qualified to export listed products to Egypt. The new decree requires factories…
Egypt/September 2015 Article 59 of Law 127 for 1955 states that pharmacies may not sell drugs that are not registered with the Ministry of Health. This restriction applies to drugs either prepared domestically or imported from abroad. Any medicine should…
Egypt/July 2015 Free Zones are one of the distinguished investment patterns where investor can establish, set up and start his own project under the umbrella of this system. This system provides to the investor several benefits related to goods movement,…
Georgia/July 2015 We are pleased to announce that Eurofast is relocating to new and bigger office in Tbilisi on 15 July 2015. The new office of Eurofast Georgian branch is conveniently situated in Tbilisi business centre. Our Eurofast Georgia is…
FYR Macedonia/October 2013 Speedy ratifications of the treaty between FYR Macedonia and Azerbaijan have ensued from both parties recently. The Azerbaijani Parliament ratified the treaty on June 21, 2013 while the FYR Macedonian Parliament followed suit just a month later. …
Egypt/May 2014 Egypt is currently in the process of introducing a VAT legislation which will completely replace its existing General Sales Tax regime that was applicable since 1991. The decision for the introduction of the Egyptian VAT legislation was under…