News & Events

December 23, 2020 Adam El Shalakany, Nadine Nassef, and Ragya Shoukry
New Waste-Management Law brings Egypt closer to going Green

Due to the constant global and local struggle of keeping up with the problem of waste management, the Egyptian legislator has enacted the new Waste Management Law. This is a first in Egypt.   On 13 October 2020, the Law No. 202 of 2020 promulgating the new Waste Management Law (the “New Law”) was published […]

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December 23, 2020 Omar Sherif and Rokaya Ghoneim
Long-Awaited Tax Amendments Take Effect

The much-anticipated series of tax amendments have been recently published as part of the Egyptian government’s economic measures to mitigate the repercussions of the COVID-19 pandemic. The series of amendments (the “Amendments”) implement a variety of exemptions and extensions with regards to (i) the income tax, stamp duty tax and capital gains tax by virtue […]

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November 30, 2020 Omar Sherif and Omneya Anas
Cabinet Approves New Amendments to Anti-trust Legislation

On November 25th, 2020, The Egyptian cabinet of ministers (the “Cabinet”) approved a new set of amendments (the “Amendments”) to the Protection of Competition and Prohibition of Monopolistic Practices Law No. 3 for the Year 2005 (the “Competition Law”), as reported by news and media. The Amendments, if enacted, will grant the Egyptian Competition Authority (“ECA”) broader […]

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September 26, 2020 By Omar Sherif and Youssef Omar
Egyptian Parliament Ratifies Amendments to the Real Estate Tax Law

The Egyptian Parliament issued new amendments to the Real Estate Tax Law in an effort to improve the tax environment, to support manufacturers and to reduce their tax burdens. On 7 May 2020, the Egyptian Parliament issued the Law No. 23 for the year 2020 (the “Amendments”) amending certain provisions of the Real Estate Tax […]

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September 26, 2020 By Mariam Fahmy and Nada Hussein
The New Central Bank and Banking Sector Law

The long-awaited banking law has been finally ratified by the President and published in the Official Gazette as Law No. 194 for the year 2020 (the “Law”) on 15 September 2020 and became effective as of 16 September 2020. The Law abolishes law No. 88 for the year 2003 promulgating the law of the Central […]

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September 26, 2020 By Khaled Sherif and Farida El Bakry
Exemption from Private Free Zones’ Conditions under the Investment Law Executive Regulations

On 15 June 2020, the Prime Minister issued Decree No. 1199 for the year 2020 including a new amendment (the “Amendment”) to the Executive Regulations of the Investment Law No. 72 for the year 2017 issued by virtue of Prime Ministerial Decree No. 2310 for the year 2017 (the “Executive Regulations”). The Amendment relates to […]

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