Regulatory Alerts2013-01-01
Board of Directors Decision No. (82) of 2013
The Egyptian Financial Supervisory Authority Board of Directors issued Decision No. 82 of 2013 to amend the development fee regulations applicable to supervised companies. The revised Article Four requires that companies operating multiple regulated activities calculate the fee separately on each activity's revenues according to its designated category, provided their financial statements clearly segregate these income streams. In the absence of such clear segregation, the fee must be calculated on total revenues at the highest applicable category rate.
Share