Back to the complete issue
Wednesday, 24 June 2020

Amendments to development fees bill have been signed into law

LEGISLATION WATCH- Your dog food is about to get more expensive: President Abdel Fattah El Sisi signed into law yesterday a bill introducing new or higher development fees on a laundry list of goods and services, such as mobile phones, commercial internet bills, pet food, and raw tobacco, according to Al Shorouk. The new fees, which the Finance Ministry had proposed last month, are designed to help shore up public finances as government covid-19 support packages and stimulus spending strains budgets.

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. © 2020 Enterprise Ventures LLC.