Parliament’s approval included the amendment of the Stamp Duty Act enacted by Act No. 111 of 1980, Act No. 147 of 1984 imposing a fee for the development of state financial resources and Act No. ° 24 of 1999 imposing a tax for admission to theaters and other places of amusement and amusement parks.
The commission’s report said “the bill is part of the state’s ongoing effort to support efforts to develop the public revenue system in a way that helps provide the funding necessary to meet the needs of budget agencies on the expenditure side, and to ensure their ability to achieve their objectives, which requires a revision of some existing laws.” By making some changes to some of its provisions, which would increase the resources of the public treasury of the State.
Basic Features
The decisions included amending certain provisions of Law No. 147 of 1984 imposing a fee for the development of state financial resources, as follows:
second subject Replace the texts of Articles 5 and 12 of the first paragraph of Article 1 of Law No. 147 of 1984, imposing a fee to develop the financial resources of the State as follows: Article 5 when leaving the territory of the Republic: 100 pounds when leaving the territory of the Republic, with the exception of foreigners coming solely for the purpose of tourism in the governorates of the Red Sea, South Sinai, Luxor, Aswan and Matrouh , the fee is 50 pounds. Excluded are drivers of Egyptian and foreign passenger and public goods transport vehicles, as well as those who work on lines or trucks that regularly cross Egyptian borders. Article 12 Purchase in duty-free shops: 3% of the value of each merchandise purchased in duty-free shops whose price exceeds 5 dollars and a minimum of one and a half dollars. Members of the foreign diplomatic and consular corps in activity (not those listed in the tables issued by the Ministry of Foreign Affairs) are exempt from this fee. Free market companies collect this fee and submit it to the Egyptian tax authorities.
Article three
Addition of a new clause to the first paragraph of Article 1 of Law No. 147 of 1984 imposing a fee for the development of the financial resources of the State, a new clause No. 29 on a number of non-essential goods and unnecessary that do not affect the masses of citizens, to 10 percent of the invoice value for customs purposes, In addition to customs tax. It includes the following products: Salmon Fish and salmon fillets Fish included in the customs tariff number Shrimps (prawns) and lobsters from those included Blue vein cheeses Anchovies and caviar from those included in the customs tariff numbers Aquatic crustaceans, molluscs and invertebrates, prepared or preserved Fruits shellfish and fresh or dried fruit Roasted coffee and chocolate
The article also includes electronic appliances such as blenders, electric motor shavers, hair dryers and other electric thermal appliances for hairdressing, hand dryers, electric thermoelectric appliances for making coffee and tea, toasters for household use, headphones, earphones, loudspeakers combined with sound announcers – wristwatches, pocket watches and similar watches.
Amendment of certain provisions of Law No. 24 of 1999 establishing an entrance tax in theaters and other places of amusement and amusement parks Article One: A tax shall be imposed on the right of admission to theaters and other places of entertainment and to any place of amusement parks, shows, parties, entertainment activities and time spent, as well as on the right to use the games and others as indicated in the attached table, according to the categories mentioned therein. Article three: The tax is not collected at the entrance to places, shows and parties where admission is free, whether or not the occupant provides food, drinks or services
Read the Latest World News Today on The Eastern Herald.
