Tax
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Capital Gains Tax
SH&P legal team can provide you with the necessary support to help with the structuring transactions with the aim of minimizing capital gains tax exposure. Alongside advising on tax liabilities and exemptions, we provide the required compliance support with tax regulations.
Income Tax
As we ensure adhering to applicable tax laws, we work to maximize savings to provide comprehensive tax planning, in addition to guidance on exemptions and credits. We represent our clients in audits and disputes with tax authorities.
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Stamp Tax
Given the importance of meticulous attention to detail in this practice, our team offers its clients advice on transactions subject to stamp tax. In addition, we assist with calculating and filling obligations, while supporting to mitigate potential penalties.
Value Added Tax (VAT)
We support our clients in managing VAT obligations in a strategic way through our services including VAT registration and compliance assistance. We can also guide you on invoicing, reporting requirements as well as VAT recovery and exemptions.
Withholding Tax
In cross-border transactions, it is crucial to comply by tax withholding. With SH&P, we ensure delivering accurate calculation and remittance of withholding taxes. We also advise our clients on double taxation treaties as well as tax relief. We represent our clients in resolving disputes in relation to withholding tax.
Notable Clients
- Mott MacDonald
- General Electric
- GE Healthcare
- Vicat
- Hewlett Packard Enterprise
- Univar
- RKW
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Frequently Asked Questions
In order to enforce an arbitration award in Egypt, an enforcement order must be obtained by the competent Court of Appeal, providing that such arbitration award does not contravene the Egyptian public order or morality, and does not deal with rights over immovable properties located in Egypt, personal status or criminal issues.
In general, there is no restriction on foreign ownership of entities incorporated in Egypt except for limited cases such as entities: (i) undertake the activities of importation for the resale purpose , commercial agencies, and/or intermediary business; and, or (ii) are located or doing business in Sinai.
The Egyptian legal system is primarily based on the French civil legal system, various other European codes and religious law. In practice, religious law is applied only to personal status and family matters which are governed by the religious law of the individual concerned. The fundamental and organic law of Egypt is the Constitution thereof, which Constitution was passed in a referendum in January 2014 and amended in April 2019.
Generally, the Egyptian law does not recognize the concept of piercing the corporate veil, therefore, the liability of shareholders, in general, in Joint Stock Companies or allotment holders in Limited Liability Companies is only limited to the paid-up capital except in some limited cases.