Egypt introduces simplified tax system for small businesses
Egyptian Finance Minister Ahmed Kouchouk announced a new, streamlined tax system for small and micro enterprises,…
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VAT
Spain approves € 3b tax relief to combat inflation
Spain's government has approved an inflation relief package worth nearly 3 billion euros ($3.21 billion), which…
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…
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…
Saudi Arabia triples VAT rate in austerity push to counter oil slump, coronavirus
Saudi Arabia will triple value added tax and suspend a cost of living allowance for state workers, it said on…
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…
Egypt says tax revenues up 16.6% in FY19, to amend VAT law
Egypt’s government collected 660 billion Egyptian pounds ($39.83 billion) in taxes in the 2018/2019 financial year,…
Saudi king orders new allowances to counterbalance rising cost of living
Saudi Arabia’s King Salman on Saturday ordered a monthly payment of 1,000 riyals ($267) to state employees over…
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…
World Bank forecasts 5.3% growth for Egypt in FY2018/19
The World Bank Group said Monday it forecast Egypt’s economy to grow by 4.6 percent in the 2017-18 financial year…
