Amending the Stamp Tax Law promulgated by Law No. 111 of 1980
After the approval of President Abdel Fattah El-Sisi, a law was published in the Official Gazette in Issue 25 (continued) on June 15, 2023, amending the stamp tax law, and imposing a fee to develop the state’s financial resources. and a tax for admission to theatres, other entertainment venues, and parks.
Government draft law amending some provisions of the stamp tax law promulgated by Law No. 11 of 1980, Law No. 147 of 1984 imposing fees for the development of the state’s financial resources, and Law No. 24 of 1999, which imposed a tax for entry to theaters, entertainment venues and other amusement parks, approved by the Council Representatives headed by Chancellor Dr. Hanafi Al-Jabali.
(Article 1)
Requires an increase in the relative stamp duty imposed on insurance premiums and consideration by an additional rate of 1% in relation to items (1), (2), and (3) of the text of Article (50) of the aforementioned law, with the exception of life insurance premiums from this increase as follows :
- 1% on each life insurance premium, who are
- 1% on each premium on illnesses, bodily injuries, or related civil liability, and on compulsory insurance premiums of any kind.
- 11% on the insurance consideration for land, river, sea and air transport, with a minimum of one pound.
- 11% on each of the other insurance premiums, and on the consideration of these insurances, including insurance at war risks, with a minimum of one pound.
Amending some provisions of Law No. 147 of 1984 imposing a fee for developing the state’s financial resources
(ِِ Article 2)
Replacing the texts of Clauses (5) and (12) of the first paragraph of Article 1 of Law No. 147 of 1984 by imposing a fee for developing the state’s financial resources.
Clause (5) when leaving the territory of the Republic:
100 pounds when leaving the territory of the Republic, with the exception of foreigners coming for the purpose of tourism only to the governorates of “The Red Sea, South Sinai, Luxor, Aswan, Matrouh, Cairo, Giza), where the fee is 50 pounds. Drivers of public goods and passenger vehicles, Egyptians, foreigners, and workers are excluded from this. On lines or trucks used to cross the borders of the Arab Republic of Egypt.
Clause (12) – Purchasing from Duty Free Shops:
3% of the value of each commodity purchased from duty-free shops, the price of which exceeds (5) dollars, with a minimum of one and a half dollars. Members of the foreign diplomatic and consular corps working (non-honorary) and registered in the tables issued by the Ministry of Foreign Affairs are exempted from this fee. Duty-free companies are obligated to collect and supply this fee. To the Egyptian Tax Authority.
Customs tax
(Article Three)
Adding a new clause to the first paragraph of Article 1 of Law No. 147 of 1984 imposing a fee for developing the state’s financial resources, a new clause No. (29) on a number of non-essential and unnecessary commodities that do not affect the masses of citizens, at 10% of the value of the invoice for purposes In addition to the customs tax, the following commodities:
- Salmon fish and
- Salmon fillets
- Fish included in the customs tariff
- Shrimp (prawn) and lobster, as mentioned
- Blue veined cheeses
- Anchovies and caviar from what is mentioned in the customs tariff items
- Crustaceans, molluscs and aquatic invertebrates, prepared or preserved
- Crust fruits and fruits, whether fresh or dried
Roasted coffee and chocolate
- Roasted coffee and chocolate
- Food grinders, mixers, electric shavers, hair dryers and other electric heating appliances for hairdressing, hand dryers, electric thermoelectric coffee and tea making appliances, toasters for household use, headphones, earphones, microphones combined with announcers – wristwatches, pocket watches and similar watches, tricycles, scooters, pedal cars, and toys Similar wheels, doll carriers and other children’s toys, cigar lighters and other lighters, refillable or non-refillable.
Amending some provisions of Law No. 24 of 1999
Amending some provisions of Law No. 24 of 1999 imposing a tax in return for entering theaters and other places of entertainment and amusement parks
(Article 1)
A tax is imposed on entering theaters and other places of entertainment and any place of amusement parks, performances, parties, entertainment activities and spending time, and for using games and others as shown in the attached table, according to the categories mentioned therein.
(Article 3)
The tax is not collected on entering theatres, performances and parties to which entry is free, whether or not the occupier offers food, drinks or services.
However, the tax stipulated in Clause (8) of Third of the attached table shall be collected on entry to parties and venues as indicated therein whenever musical, singing, dancing or entertainment performances are presented therein, regardless of the organization that organizes them.
The fee for entering parties and places referred to in the second paragraph of this article is determined at 30% of the value of the food and drinks served at these parties, if entry is free.