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…
Browsing Tag
value-added tax
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…
Egypt: Food and beverage are exempted from value-added tax
Food and beverage are exempted from Egypt’s planned value-added tax, according to a statement released by the…
Currency devaluation not to affect Egypt’s imports: minister
The devaluation of the Egyptian pound will not increase the prices of the country’s imports, which are estimated at…
Egypt to impose VAT in ‘weeks’: Minister
A law to impose a value added tax (VAT) in Egypt is expected to be approved in "weeks," the country's finance…
New Budget awaits Amendments demanded by Sisi: Source
The final ratification for Egypt's state budget for the fiscal year due to start Wednesday is pending amendments…
S&P revises Egypt Outlook to Positive, citing ‘Gradual Economic Recovery’
Ratings provider, Standard and Poor's updated its outlook on Egypt from "stable" to "positive" on Friday, citing…
Egypt Denies Reports about New Talks with IMF
Egypt's Finance Ministry has rebutted recent reports about resuming negotiations with the International Monetary…
Egypt to Introduce 10-12% VAT – Official
Mamdouh Omar, head of the Income Tax Authority said the government will finalize a bill on a value added tax (VAT)…
IMF Delegation to Visit Egypt in January – Source
A delegation from the International Monetary Fund (IMF) will visit Egypt during the first week of January in order…
