Translated laws
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Item Acting Prime Minister Decree No. 1 Of The Year 2018 = قرار القائم بأعمال رئيس مجلس الوزراء رقم 1 لسنة 2018(The Middle East Library for Economic Services, 2018-01-03) The Middle East Library for Economic ServicesArticle 1: Sunday corresponding to 7 January 2018 (AD) shall be considered a paid leave on the occasion of the Christmas Day, for the workers of ministries, governmental entities, public authorities, local administrative units, and companies of the public sector, public business sector and private sector.Item Acting Prime Minister Decree No. 74 Of The Year 2018 = قرار القائم بأعمال رئيس مجلس الوزراء رقم 74 لسنة 2018(The Middle East Library for Economic Services, 2018-01-17) The Middle East Library for Economic ServicesArticle 1: Thursday corresponding to the 25th of January 2018 shall be considered a paid holiday on the occasion of (January 25 Revolution - the Police Day) for the workers of the ministries, governmental entities, public authorities, local administrative units, companies of the public sector, public business sector and private sector.Item administrative resolution no 436/2015 regarding amending certain provisions of the resolution of the heads of the Egyptian tax authority and the customs authority 293/2011 Concerning Banderoles and sticking procedures Thereof = قرار إداري رقم 436 لسنة 2015 بشأن تعديل بعض أحكام قرار رئيسي مصلحتي الضرائب والجمارك المصرية رقم 293 لسنة 2011 الخاص بالعلامات المميزة وإجراءات لصقها / Minister Prime(2015) Egypt. Ministry of Finance. The Egyptian Customs AuthorityItem Administrative resolution No. 94/2014 With Regard to Announcing in Al-Wakaye Al-Mesreya / Government bulletin the Amendments Related to A Set of Egyptian Standard Specifications Concerning Which Binding Ministerial Decrees Were Previously Issued = قرار إداري رقم 94 لسنة 2014 بشأن الإعلان بجريدة الوقائع المصرية عن تعديلات على مواصفات قياسية مصرية سبق صدور قرارات وزارية ملزمة لها / the Egyptian organization for standardization and quality(2014) Egypt. the egyptian organization for standarization and qualityItem Amending certain provisions of the statute os rules enforcing the provisions of the import and export law and the system of exported and imported commodities examination and control procedures(2015) Egypt : Ministry of Trade and Industry. The Egyptian Customs AuthorityItem Arab Republic of Egypt Decree Law No. 3 of the year 2015 Amending Some Provisions of Law on Organizing Universities No. 49 of the year 1972 = قرار رئيس جمهورية مصر العربية بالقانون رقم 3 لسنة 2015 بتعديل بعض أحكام قانون تنظيم الجامعات الصادر بالقانون رقم 49 لسنة 1972(The Middle East Library for Economic Services, 2015-01-11) The Middle East Library for Economic ServicesArticle 1: The text of the second Paragraph of Article No. (110) of the Law on Organizing Universities promulgated by Law No. 49 of the year 1972, shall be replaced by the following text:Item Arab Republic of Egypt Presidential Decree Law No. 53 of the year 2014 Amending Some Provisions of the Income Tax Law No. 91 of the year 2005 and the Stamp Duty Law No. 111 of the year 1980 = قرار رئيس جمهورية مصر العربية بالقانون رقم 53 لسنة 2014 بتعديل بعض أحكام قانون الضريبة على الدخل الصادر بالقانون رقم 91 لسنة 2005 ، وقانون ضريبة الدمغة الصادر بالقانون رقم 111 لسنة 1980(The Middle East Library for Economic Services, 2014-06-30) The Middle East Library for Economic ServicesArticle 1: The texts of Articles Nos. (6/First Paragraph), (13/Last Paragraph), (17/First Paragraph), (32), (50/7,10), (59/First Paragraph), (59-Bis), (59-Bis-1), (59-Bis-2), (72), (73), (86), (135), (138/First Paragraph-A) of the Income Tax Law referred to above, shall be replaced with the following texts:Item Authority's board of directors resolution No. 92 of the year 2014 on amending the authority's board of directors resolution No. 66/2009 regarding the development fee levied on the companies subject to the authority's supervision The Egyptian financial supervisory authority ; translated by The middle east library for economic services.(2014) The Egyptian financial supervisory authority; The middle east library for economic services, translator.Item Board of directors Decision No. 72/2013 regarding regulations and controls governing factoring activity / Egyptian financial supervisory authority (EFSA); translated by The middle east library for economic services.(2013) Egyptian financial supervisory authority (EFSA); The middle east library for economic services, translator.Item The Building Law 119/2008(2008) EgyptItem Cabinet Decree No. 1 for the year 2024 = قرار مجلس الوزراء رقم 1 لسنة 2024(The Middle East Library for Economic Services, 2024-01-18) The Middle East Library for Economic ServicesArticle 1: The period of incorporation of the companies and establishments, as per item-2 of the first paragraph of article (12) of the aforesaid investment law, shall be extended for a second period ending on 28/10/2026.Item Cabinet Decree No. 16 Of The Year 2018 = قرار مجلس الوزراء رقم 16 لسنة 2018(The Middle East Library for Economic Services, 2018-04-30) The Middle East Library for Economic ServicesArticle 1: The compensation percentages stated in the schedules issued for May 2017, in whose respect the said decrees of the cabinet nos. 13, 14, 16 and 17 of the year 2017 were issued, shall be fixed when applying the equation prescribed in the cabinet decree no. 13 of the year 2017 referred to, during the period from 1/6/2017 till 30/11/2017, while calculating compensation percentages schedules for the different types of works.Item Cabinet Decree No. 20 of the Year 2022 = قرار مجلس الوزراء رقم 20 لسنة 2022(The Middle East Library for Economic Services, 2022-03-14) The Middle East Library for Economic ServicesArticle 1: The General Authority for investment and free zones shall coordinate with all ministries and entities concerned with the investment law, referred to, to make their propositions regarding the conditions of considering the enterprise as strategic or national according to the stipulations of article-20 of the investment law referred to, provided that such enterprises shall be in the fields that achieve development as per the economic development plan of the state, including:Item Cabinet Decree No. 24 Of The Year 2024 Regarding The Cases, Safeguards, Conditions And Procedures Regulating The Temporary Release Of Tools, Equipment And Machines From The Free Zone Into The Country, And The Re-Exportation Thereof = قرار مجلس الوزراء رقم 24 لسنة 2024 بشأن الحالات والضمانات والشروط والاجراءات المنظمة لخروج الأدوات والمهمات والآلات بصفة مؤقتة من المنطقة الحرة إلى داخل البلاد والإعادة(The Middle East Library for Economic Services, 2024-03-25) The Middle East Library for Economic ServicesArticle 1: The tools, equipment, machines, apparatuses, devices, and the means of transport equipped for special uses, shall be temporally released from the free zone into the country, with a view to using them on account of a given project or for the purpose of leasing to third parties, and then re-exporting same, pursuant to the following controls: (1) The projects operating in the free zone shall be allowed to temporarily release the tools, equipment, machines, apparatuses, devices, and the means of transport equipped for special uses, which are required for exercising their activities for the account thereof within the country pursuant to their licensed activity, subject to an undertaking by the General Authority for Investment and Free Zones, or an undertaking by the Supreme Council for Media Regulation concerning the projects of the media public free zone whose purposes include exercising one of the activities subject to the aforesaid Law on Regulating the Press, Mass Communication and the Supreme Council for Media Regulation, to pay all the customs duties, value-added tax and other payable taxes and duties in case they are not re-exported. (2) The temporary release period shall be six (6) months, and may be extended to other periods upon the approval of the Head of Customs Authority or his delegate.(3) In case of exceeding the period specified for temporary release or for exercising the activity for the account of a third party, the general provisions of the Customs Law and its executive regulations shall be enforced. (4) A certificate issued from the General Authority For Investment and Free Zones, shall be presented to the effect that the nature of activity and the exercise thereof require the release of the aforesaid objects into the country. (5) The party concerned shall undertake not to exercise any activity within the country, using the aforesaid objects, other than the activity licensed within the free zone. (6) In case the project operates the tools, equipment, machines, apparatuses, devices, and the means of transport equipped for special uses outside the free zone for the account of third parties, the provisions prescribed by the value-added tax law and its executive regulations, referred to, shall be enforced, along with applying all other legal rules prescribed in such case. In case the project leases the equipment to third parties, the general customs rules in force shall be applied.Item Cabinet Decree No. 32 of the year 2024 Amending Certain Provisions of the Executive Regulations of the Mortgage Finance Law Promulgated By Prime Minister Decree No. 1 for the Year 2001 = قرار مجلس الوزراء رقم 32 لسنة 2024 بتعديل بعض أحكام اللائحة التنفيذية لقانون التمويل العقاري الصادرة بقرار مجلس الوزراء رقم 1 لسنة 2001(The Middle East Library for Economic Services, 2024-05-21) The Middle East Library for Economic ServicesArticle 1: The texts of the first paragraph of article (27) and item “4” of article (35) of the Executive Regulations of the Mortgage Finance Law, referred to, shall be substituted with the following texts: (Article 27 - first paragraph): The company licensed to practice the mortgage finance activity shall take the form of an Egyptian joint stock company. The issued and paid-up capital thereof shall not be less than one hundred million pounds in cash or their equivalent in foreign currencies at the exchange rate announced by the CBE, on the date of incorporating the company. (Article 35 - item “4”): 4- The cash liquid funds and the like, the bank certificates of deposit and savings certificates, the government treasury bills, instruments of the money market funds and the debt instrument funds proportional to the net cash outflows, within thirty calendar days, shall not be less than 100%. Article 2: Two new paragraphs; third and fourth, shall be added to article (26 Bis) of the Executive Regulations of the Mortgage Finance Law, referred to, reading as follows: Article (26 Bis) - third and fourth paragraphs): In cases where the real estate guarantee contained in the finance agreement is not registered in favor of the financier, cases of temporary waiver of the allocation in favor of the financier as per article (2) of these regulations, as well as cases of leasing, participation and Murabahah, the financier may, in the event that the investor does not pay the amounts owed to him and thirty days have passed from their due date, address a warning to the investor to pay within sixty days. The warning shall include the particulars prescribed by article (17) of these regulations. In the event that the investor does not pay the amounts due within the period referred to in the previous paragraph, the financier may request the execution judge in whose jurisdiction the guarantor property is located to order the execution on that property, and to appoint a real estate agent from among the agents registered with the Authority, to proceed with selling the property, under the direct supervision of the execution judge. The following procedures shall be followed to obtain his dues: (A) Determining the market value of the property by two real estate appraisal experts registered with the Authority. (B) Selling the property at the highest available price, taking into account the evaluations of the two real estate appraisal experts and the financier’s receipt of his dues, in addition to delay fines besides all expenses and costs incurred thereby till the date of sale. The amount remaining from the sale proceeds shall be refunded in full to the investor.