CORONAVIRUS COVID-19 's Effect on workflow (Employers and Employees) :On 11th of March, 2020, WHO Chief Dr. Tedros Adhanom Ghebreyesu had declared COVID-19 CORONAVIRUS as a pandemic, and the definition of Pandemic is a disease that is spreading in multiple countries around the world at the same time. Read more...
Recently, the Egyptian President and the Parliament approved the issuance of new law that enables the e-payment, with its objective to facilitate wider financial coverage in Egypt, and align with the global trends in adopting policies that reduce the monetary handling, and replace them with banking financial instruments. Read more...
In light of Egypt's relentless pursuit of a prosperous economic climate, the Egyptian Parliament passed on August 15, 2018 the new Law No. 176 of the year 2018 regulating both financial leasing and factoring activities, promulgating financial leasing Law No. 95 of the year 1995, which aims at steering economic volume and increasing production of small and medium enterprises. Read more...
Pursuant to the new Egyptian Company Law No.4 of the year 2018 and its Executive Regulations No.16 of the year 2018 on the amendments of certain Executive Regulation provisions of Joint Stock Companies, Partnerships Limited by Shares and Limited Liability Companies Law No.96 of the year 1982; Read more...
Commercial fraud is the most common way used by the weak souls to achieve the dream of being rich, where the methods of fraud have been recently developed in our society, as it became a mean of rapid and illegal gain for some companies and individuals. Read more...
Transfer Pricing is that basis used by the Tax authority to determine the price to be used when determining the taxable profit among non-related parties, where such price is determined in accordance with the market and the circumstances of dealings and transactions, and the related party is that party who has a relationship with a Tax Payer, and such relationship affects the determination of the tax base. Read more...
The Law on Protection of Competition and Prohibition of Monopolistic Practices in Egypt was promulgated by Law No. 3 of 2005 and its Executive Regulation. The aim of the law is to ensure economic activity does not prevent, restrict or damage the freedom of competition. The law sets out a number of rules that regulates the economic activity of persons dealing in the relevant market. Read more...
Medical Devices are used in the healthcare for the diagnosis, prevention, monitoring or treatment of illness or disability. The Egyptian Ministry of Health (MOH) is responsible for the registration and approvals of medical devices in Egypt through the Drug Policy and Planning Center (DPPC) and the Central Administration of Pharmaceutical Affairs (CAPA) which also regulates the importation and manufacture of medical devices. Read more...
Egypt has finally passed The Security Over Movables Law in November 2015 which introduced a regime similar to fixed and floating charges as applicable under the UK law. The Executive Regulation (ER) of the Law was passed in December 2016[1]. Taking into consideration novelty of the legislation, it has yet to be implemented on the ground and results to be evaluated. However, the main provisions of the Law can be discussed and outlined. Read more...
The Egyptian Financial Regulatory Authority (FRA) supervises & regulates all non-banking financial markets and instruments, including capital markets, futures exchanges, insurance activities, mortgage finance, financial leasing, factoring, securitization and microfinance. Read more...
The International statistics confirm the growth and expansion of the Internet usage on a global basis, where the growth volume of such usage in the duration between 2000 and 2019 reached 1,104%. The Egyptian share of such growth is 10,840%. Where the internet users in Egypt represent 48.7 % of the total populations which is equal to 101,168,745[1]. Read more...
After being approved by the Egyptian Parliament, President Abdel Fatah El-Sisi has issued Law No. 182 of the year 2018 that regulates the contracts and agreements which are concluded by the Public Authorities in Egypt within the upcoming period that includes specific regulations that the General Authorities shall follow and apply. Read more...
The Egyptian Parliament approved extending the Tax Dispute Resolution Law No.79 of the year 2016 for the upcoming two years. Such legislation was one of the most critical and important demands in the tax community,where it was issued to ease the process of Tax Dispute Resolution between the Financier and the Egyptian Tax Authority and to accelerate the lengthy tax dispute process, removing cases from court and allowing settlement by committees headed by experts who do not work for the Tax...
Awarding Public contracts in Egypt is not specified by a certain law, nevertheless, the Egyptian Constitution has set a general principal that it is prohibited to dispose any of the State’s public property. However, disposing of the State’s private property, and public utility concessions are allowed in accordance with the laws promulgated in this regard. The main laws regulating the award of public contracts are: Read more...
Egypt used to govern technology crimes and cybercrimes by some provisions in Civil and Criminal laws. Finally, a new Law No. 175 of the year 2018 regarding anti-cyber and information technology crimes was published on Saturday 18/8/2018 by the official Egyptian Gazette following its ratification. Read more...