Back to the complete issue
Monday, 17 September 2018

FinMin reaches agreement with Lawyers Syndicate on VAT

FinMin renews agreement with Lawyers Syndicate on VAT: The Finance Ministry renewed an agreement on Sunday with the Lawyers Syndicate that sets the value-added tax rates for their services. The agreement sets a flat VAT on each service or type of court proceeding undertaken by a firm. Representing clients or filing a motion in a district court (whether in civil or criminal suit) will taxed at EGP 20. VAT for proceedings in the Court of First Instance will be EGP 40 and EGP 60 for Court of Appeals proceedings. Lawsuits filed in the courts of cassation, administrative, constitutional, and international arbitration will have a VAT of EGP 200, Finance Minister Mohamed Maait said in a statement (pdf). The agreement will see the Justice Ministry issue receipts to lawyers and will send those receipts to the Tax Authority, said Justice Minister Hussam Abdel Rahim, who also signed the agreement. The agreement was initially signed in April 2017 and expired in April 2018. The Syndicate had been opposed to the initial agreement and vowed earlier this month to negotiate better terms.

Perhaps the rest of us should have hired lawyers to negotiate with the Tax Authority on our collective behalf when it was formulating the VAT?

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.