Egypt’s tax revenue rises 28% without new levies, minister says
Egypt's tax revenue rose 28 per cent in the last fiscal year without imposing new taxes, reflecting stronger…
Browsing Tag
value-added tax
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…
Egypt’s FinMin says transit goods are VAT exempt
Egypt has exempted transit goods and related services from value-added tax (VAT) under the second phase of its tax…
Egypt unveils new VAT breaks, simplifies construction tax rules
Egypt’s finance ministry announced Wednesday new measures to simplify value-added tax (VAT) procedures and reduce…
Egypt’s ETA to reject paper invoices in VAT refund claims from July 2023
Egypt’s Tax Authority (ETA) said on Tuesday it will no longer accept paper invoices as proof for value-added tax…
Egypt announces limited VAT amendments
Egypt’s Tax Authority (ETA) announced limited amendments to the Value-Added Tax (VAT) law aimed at expanding the…
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…
Egypt denies reports of new sugar VAT in 2025/2026 budget proposal
The Egyptian Tax Authority (ETA) on Wednesday rejected claims that a value-added tax (VAT) would be introduced on…
IMF: Qatar’s economy rebounds in ’24
Qatar’s economy is set to grow by 2 per cent in 2024, rebounding from the post-World Cup slowdown, with the…
Egypt’s tax revenues surpass 38% growth rate
Egypt's Minister of Finance, Mohamed Maait, announced on Monday that Egypt saw a growth in tax revenues of 38 per…
UAE says has no plans to follow Saudi in VAT triple rise
The UAE is not currently planning to raise its value-added tax (VAT) rate of 5 percent, the finance ministry said…
Uber to pay value added tax in Egypt
Uber has agreed to pay value-added tax on its services in Egypt, Egyptian officials said on Monday, a move that may…
Tax revenues for Q1-FY2019 at EGP 8 bln above target
The head of Egyptian Tax Authority Emad Sami said on Wednesday 115.9 billion pounds in tax revenues were collected…
Egypt’s Finance Ministry approves to increase cigarette prices
Egypt's Ministry of Finance ratified a new increase to the prices of tobacco products on Monday. The price increase…
Eastern Co. lowers price of Egypt’s cheapest cigarette brand
Egyptian tobacco maker Eastern Company has lowered the price of the country's cheapest cigarette brand Cleopatra…
Sisi calls on Egyptians to endure challenges on back of fresh subsidy cuts
President Abdel Fattah al-Sisi on Tuesday called on Egyptians to endure a raft of tough economic reforms introduced…
Egyptian inflation rate rise 0.3 % in May: CAPMAS
The Egyptian inflation rate in May increased by 0.3 percent, compared to the previous month, reaching 274.7 points…
Custom duties on cars, buses add 772 mln pounds to Egypt’s coffers
Total custom duties and the value added tax, among other duties, collected on cars, buses, and their spare parts in…
Egypt’s Leather Export Council eyes 25% rise in exports within 2018
Egypt targets between 20 and 25 percent increase in its leather exports within 2018, said Mahmoud Serg, Leather…
Amazon, eBay are not doing enough to combat VAT fraud: UK lawmakers say
A UK parliamentary report has criticised Amazon and eBay for not doing enough to combat tax fraud on their online…
Tourism sector halts applying VAT for a year
The tourism sector has obtained a verbal approval from the Ministry of Finance to postpone subjecting it to the…
Cairo Chamber, Tax Authority to hold forum on VAT on Oct. 16
Cairo Chamber of Commerce (CCC) is scheduled to hold a forum to discuss Value-added Tax (VAT) law and its effect on…
VAT to raise food commodities’ prices by 15%: Cairo Chamber
Food commodities' prices are expected to jump by 15 percent within the coming period following the application of…
Lawyers Syndicate protests against Egypt’s VAT
The Lawyers Syndicate arranged a protest on Saturday in front of the Supreme Judicial Council in rejection to the…
Egypt steel producers increase prices by 5% on newly-adopted VAT
Egyptian steel producers have raised steel prices for the local market by 5 percent just after the government had…
Egypt receives first $1 billion tranche of World Bank loan
Egypt announced on Friday that it had received the first $1 billion tranche of a $3 billion three-year loan from…
Moody’s: Egypt’s long-awaited approval of VAT “credit positive”
Moody's Investor Services has commended Egyptian parliament’s approval for the long-delayed value-added tax (VAT).…
Excluding 57 services and goods, VAT revenues to record EGP 18bn
Parliament voted on the value-added tax (VAT) draft law for the second day in a row on Monday. Yasser Omar, head of…
VAT, Egypt pound depreciation could raise real estate prices by 15-20%
The value-added tax (VAT) has given rise to a heated debate between different sectors, but the debate between…
BREAKING: Egypt’s parliament approves VAT at 13% rate in 2016/17
Egyptian parliament approved Sunday the long-delayed value added tax (VAT) at a rate of 13 percent but it will rise…
VAT to reduce Egypt budget deficit by 1%: deputy FinMin
Applying the value-added tax (VAT) will contribute to lower Egypt’s current budget deficit by 1 percent, said…
Egypt’s VAT bill to be finalised Sunday, MPs sticking to 12% rate
Egypt's long-awaited value added tax (VAT) bill will be finalised Sunday to be put up for general parliamentary…
Egypt likely to receive 1st tranche of IMF loan in 4-6 weeks
Egypt expects to receive the first $4 billion instalment of a $12 billion three-year IMF loan within four and 6…
VAT bill to include some ICT services: Egypt minister
Egypt’s anticipated value-added tax bill will include communications and information technology services, said Amr…
Egypt’s tax revenues rose 15% in FY2015-16: authority
Egypt’s tax authority announced Friday a y-o-y 15 percent increase equivalent to 28 billion Egyptian pounds ($3.15…
World Bank’s 1st tranche of $3bn awaits parliament’s VAT act approval
The World Bank will provide the first $1 billion tranche of a $3 billion soft loan to Egypt after the parliament…
Egypt Cabinet finally approves long-awaited VAT bill
Egypt's Cabinet approved "in principle" a long-awaited value added tax (VAT) bill and will refer it to the Council…
World Bank’s Egypt loan rests on VAT act approval
World Bank will transfer a loan to Egypt when the country’s parliament approve the new value-added tax act, namely…
JP Morgan sees devaluation of Egyptian Pound by 35% in 2016
US-based financial services firm, JP Morgan forecasts that the Egyptian pound will be devalued by 35 percent in…
Egypt sets value added tax at 10%
Egyptian government has set the long-awaited value added tax (VAT) at a flat rate of 10 percent, according to the…