Egypt govt to unveil new tax policy next month – PM
The Egyptian government plans to unveil a new comprehensive and clear tax policy within the next month, Prime…
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Tax
Denmark to implement world’s first farm CO2 tax
Denmark, a leading pork and dairy exporter, announced on Tuesday that it will become the first country to introduce…
Kenya proposes tax on infrastructure bonds
The Kenyan government plans to implement a tax on interest earned from infrastructure bonds, potentially reaching…
Japan mulls tax breaks to lure back overseas profits
Japan's ruling Liberal Democratic Party (LDP) is considering offering tax breaks to companies that convert their…
S.Korea’s reform plan fails to impress traders
South Korea revealed on Monday a reform plan for public companies to increase shareholder returns and lower the…
Maersk expects low ’24 earnings
Maersk said on Thursday that it expects 2024 earnings to be significantly lower than last year's level due to an…
Egypt’s finance minister pledges no tax increases; income tax reduced
The Egyptian government is not targeting a tax increase in the coming period as the country is moving towards…
FinMin seeks to pass a new bill to cancel tax exemptions on returns from treasury bonds
The state treasury expects to net as much as 34 billion Egyptian pounds in additional income from a bill approved…
Egypt’s parliament Oks suspending tax on agricultural land for 2yrs
Egypt’s parliament approved on Monday a legislative amendment suspending the tax on agricultural land for two more…
Egypt puts updating tax management system first: min.
State's political leadership attaches great importance to upgrading the tax management system, digitizing it along…
Egypt’s PM forms committee for coastal land-use tax in North Coast
Egypt's Local Development Ministry said on Wednesday Prime Minister Moustafa Madbouly has ordered the formation of…
Egypt drafting new law to impose tax on social media ads, online services
Egypt’s Minister of Finance is close to finalising a draft law which will impose a tax on social media…
Google, Facebook, Amazon to testify Monday in U.S. against French digital tax
Google unit Alphabet, Facebook, and Amazon are among the companies that will testify next Monday at a U.S.…
Global Telecom’s key shareholder strikes deal with Egypt to settle tax dispute
VEON Ltd, the major shareholder of Cairo-listed Global Telecom Holding, has signed on Wednesday a deal with the…
Oman to introduce 100% tax on tobacco, alcohol by next week
Oman will start imposing 100 percent tax on tobacco, alcohol and pork meat from June 15, as the sultanate follows…
Egypt imposes 18% tax on social media ads
The Egyptian government has started collecting 18 percent on the value of advertising services on social media…
Egypt has no plans to impose tax on social media ads – Ministry of Finance
Egypt's Ministry of Finance said on Sunday that it will not impose any tax on social media advertisements.
Banque du Caire profit after tax jumps 200% in 2018
Egyptian state-run lender Banque du Caire said on Thursday its after-tax profit in 2018 rose 200 percent to around…
House gives IRS until April 23 to hand over U.S. Trump’s tax
House Democrats have given the Internal Revenue Service (IRS) a new deadline to hand over U.S. President Donald…
EU tells small businesses to brace for tax burdens in event of no-deal Brexit
The European Union on Monday told small businesses to prepare for more bureaucracy and costs should Britain crash…
Saudi banks plunge on tax payments, Wall Street’s decline weighs on Gulf
Saudi shares fell sharply on Sunday, with banking shares dropping after lenders said they had reached a deal with…
Egypt posts GDP up to 3.5% in FY2017/18: FinMin
Egyptian Minister of Finance Mohamed Maait said Egypt achieved an increase in gross domestic product (GDP) to 5.3…
Egypt’s budget deficit rises 1.7% in two months
Egypt's budget deficit rose 1.7 percent to hit 83.9 billion pounds in July-August 2018, or 1.6 percent of the GDP,…
Kenya president proposes cutting fuel tax by half, to 8%
Kenya’s President Uhuru Kenyatta said on Friday a new and unpopular tax on petroleum products was necessary, but…
Oil falls amid surprise jump in US stockpiles
Oil dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying…
UK studying first fuel tax increase in eight years
The U.K. is considering the first rise in vehicle fuel duties in eight years, aiming to help fund higher spending…
Egypt’s annual urban inflation falls 11.4% in May: CAPMAS
Egypt’s annual urban consumer price inflation fell by 11.4 percent in May, down from 13.1 percent in April, the…
EGX stamp tax revenue hits 3bn Egyptian pounds in a year
The outcome of the stamp duty on the Egyptian Exchange (EGX) transactions reached 3.2 billion pounds ($179 million)…
Seattle passes scaled-back tax on Amazon, major firms
Seattle’s city council on Monday approved a new tax for the city’s biggest companies, including Amazon.com Inc, to…
Europe finishes on a positive note amid strong earnings; HSBC shares fall 3%
European equities posted solid gains by the close on Tuesday, as investors shook off volatility concerns and…
Egyptian tax revenues rise 61% in H1 of FY2017/18
Egypt's tax revenues rose by 61 percent year-on-year during the first half of financial 2017/2018 that began in…
Egypt’s budget deficit falls 4.4% in H1-FY 2017/18: minister
Egypt’s budget deficit fell 4.4 percent in the first half of financial year 2017/18, compared to five percent…
UK may use taxes to make tech giants do more to fight extremism: minister
Britain may impose new taxes on tech giants like Google and Facebook unless they do more to combat online extremism…
European shares dip as U.S. tax bill gets muted reception
European stocks followed Wall Street and Asian bourses lower on Thursday in a muted response to the U.S.…
Dollar firm on tax cut hopes, euro underpinned by rise in yields
The dollar was supported on Wednesday by expectations that the Trump administration’s tax reforms would pass…
Egypt’s customs tax of imported cars to fall by 80% next January
Head of Egypt’s Customs Authority Magdy Abdel Aziz said Sunday that the customs tax on cars, which currently…
Dollar edges up, shakes off weakness vs yen, Bitcoin tops $14,000
Dollar prices edged up against its peers on Thursday, shaking off earlier losses versus the yen, supported by…
European shares close after recovering the day’s losses; Steinhoff tanks 63%
European markets closed lower by a small margin Wednesday afternoon as investors reacted to a slump in global…
European shares close lower amid Brexit uncertainty; Provident tumbles 10%
European markets closed in the red by a small margin Tuesday as investors digested the latest news surrounding…
Dollar gains after US Senate passes tax bill, pound awaits May-Juncker meeting
Dollar prices were broadly higher on Monday, reaching a 2-1/2-week peak against the yen, lifted after the U.S.…