News


  • New Law to compensate Contractors, Suppliers and Services Providers

    Posted in News on Jul 12, 2017

    A new law is issued on 9 July 2017 (Law No.84 of 2017) for compensating contractors, suppliers and service providers who signed contracts with the government or any of its affiliated entity and who were affected by the national economic decisions taken in 2016

  • Extension of the Capital Gain Tax Freeze on Listed Securities

    Posted in News on Jul 10, 2017

    On 19 June 2017, new amendments were introduced to the Income Tax Law by virtue of Law no. 76 of 2017.

  • New Stamp Duty Tax on Securities Transactions

    Posted in News on Jul 10, 2017

    On 19 June 2017, two new articles no. (83 bis) and (83 bis 1) were added to the Stamp Duty Law by virtue of Law no. 76 of 2017.

  • Raising Minimum Tax Threshold for Individuals

    Posted in News on Jul 09, 2017

    On 21 June 2017, Law no. 82 of 2017 was issued to increase the first bracket exempted from income tax

  • No More Restrictions on Foreign Currency Transfers

    Posted in News on Jul 06, 2017

    On 14 June 2017, the Central Bank of Egypt (“CBE”) issued the long waited decision to remove the restrictions previously imposed on individuals’ transfer of foreign currencies outside Egypt.

  • Issuing the New Investment Law no. 72 of 2017

    Posted in News on Jul 04, 2017

    The new investment law no. 72 of 2017 is ratified and officially published on the 31st of May 2017.

  • New Executive Regulation for the Importer Registry Law

    Posted in News on Jul 01, 2017

    On the 1st of June 2017, the Minister of Trade and Industry has issued the Decree no.846 of 2017 promulgating a new executive regulation for the Importer Registry Law No. 121 of 1982

  • New Egyptian NGO Law is Issued

    Posted in News on Jun 28, 2017

    On 24 May 2017, President Abdel Fattah El-Sisi issued the new law no. 94 of 2017 for Non-Governmental Organization.

  • New Egyptian Sports Law is Issued

    Posted in News on Jun 15, 2017

    On 31 May 2017, the new Sports Law no. 71 of 2017 was issued to regulate the sports’ activities in Egypt (the “Sports Law”).

  • Egypt’s New Investment Law 2017

    Posted in News on Jun 03, 2017

    The new investment law no. 72 of 2017 is ratified and officially published on the 31st of May 2017 (the “Investment Law”). The law comes into effect the next day and it cancels and replaces the Investment Guarantees and Incentives Law no. 8 for 1997 (“Law 8/1997”). The aim of the law is generally to attract new investments to Egypt through offering further incentives and guarantees, removing obstacles and streamlining the procedure.