Egypt to cut VAT on medical devices to 5%, exempt dialysis equipment inputs
Egypt plans to cut value-added tax (VAT) on medical devices to 5 per cent from 14 per cent under a new package of…
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Value Added Tax (VAT)
Egypt’s ETA denies media claims of VAT increase
The Egyptian Tax Authority (ETA) has denied recent reports of plans to increase the Value Added Tax (VAT) rate or…
Indonesia likely to delay vat hike amid public backlash
The Indonesian government may postpone the planned increase of the value-added tax (VAT) to 12 per cent, following…
Asia-Pacific real estate market outlook mixed – S&P
Asia-Pacific real estate markets are facing a mixed outlook, driven by a combination of policy changes and external…
Switzerland mulls VAT increase to finance pension hike
Switzerland’s government announced on Wednesday that it prefers raising the country’s value-added tax (VAT) rather…
Nigeria charges Binance with tax evasion
Nigeria's taxation authority has lodged allegations of tax evasion against the cryptocurrency platform Binance.
UK posts highest ever budget surplus in Jan.
The UK recorded its largest ever budget surplus during January this year in over three decades, amounting to £16.7…
Google to impose 14% VAT on services in Egypt starting from July
Google will add 14 percent value-added tax (VAT) to its services in Egypt starting from 1 July, the announcement…
Egypt’s Finance ministry unveils new measures for VAT payments
Egypt announces new measures regarding repaying Value Added Tax (VAT) and related taxes on commodities and services…
Egypt to maintain customs exchange rate at EGP 16 in Jan. for essential goods
Egypt will maintain the existing customs exchange rate for essential goods at 16 Egyptian pounds per $1 until the…
Alexandria Customs Authority collects EGP 1.7bn in taxes on imported vehicles
The value of taxes and customs fees on imported vehicles collected by the Alexandria Customs Authority hit 1.7…
Egypt to increase investments 64% in FY2018/19: minister
The Egyptian government has pushed up investments by 64 percent in the current financial year 2018/2019, as a…
Egypt’s foreign direct investment falls 20% in Q2-FY2017/18: CBE
Foreign direct investment (FDI) to Egypt has declined to $1.9 billion in the second quarter of financial year…
Saudi Arabia and United Arab Emirates introduce VAT for first time
Value Added Tax (VAT) has been introduced in Saudi Arabia and the United Arab Emirates for the first time. The 5%…
Enough GCC Aid will be Made Available: Merrill Lynch
The report also expects no near-term International Monetary Fund (IMF) engagement with Egypt. Tightened liquidity…