CAIRO - 16 November 2024: Egypt's Civil Work Regulation Law granted a set of advantages to civil associations and institutions. 2- Exemption from taxes and stamp duties currently imposed, and also those imposed in the future on all contracts, powers of attorney, documents, printed papers, records, etc., the burden of which falls on the association. 4- Donations made to associations shall be considered a tax on the donor's income not exceeding (10 percent) of his net income. It is prohibited to dispose of durable items, which are determined by a decision of the competent minister in agreement with the Minister of Finance, before five years have passed unless the taxes and customs duties due on them are paid. 6- Water, electricity and natural gas consumption shall be treated as household consumption, provided that a certificate is issued from the competent ministry stating that no commercial activity is being practiced.

Source: Egypt Today November 16, 2024 09:30 UTC