Egypt launches VAT-avoidance campaign for North Coast resorts

The Egyptian Tax Authority (ETA) has launched a massive campaign targeting North Coast resorts that have been avoiding paying value-added tax.

ETA head Abdel Azim Hussein said the campaign had uncovered tax avoidance in 40 resorts, as well as at shops, cafés and facilities that are unlisted with the value-added tax system although their annual revenues exceed the set amount of 500,000 Egyptian pounds.

Hussein urged eligible taxpayers to register their businesses with the tax system and to legalise their activities, to avoid being held accountable.

Source: MENA