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…
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VAT
Egypt’s second tax package to ease compliance for businesses – minister
Egypt’s Finance Minister Ahmed Kouchouk said on Thursday that a second package of tax facilitation measures will…
Egypt’s FinMin unveils ‘simpler, faster, fairer’ reforms in new tax package
Egypt’s Finance Minister Ahmed Kouchouk on Wednesday unveiled a second package of tax reforms aimed at boosting…
Egypt’s Sisi orders second tax-facilitation package launch
Egypt’s President Abdel Fattah El-Sisi directed on Sunday the launch of the second phase of the tax facilitation…
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 private investments surge 73% as government moves to ease tax burden: FinMin
Egypt’s private sector investments jumped 73 per cent last year, underscoring the sector’s resilience and growing…
Egypt prepares second phase of tax facilitation plan
Egypt’s government is preparing the second phase of its tax facilitation initiative, Prime Minister Moustafa…
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…
ETA denies dispute with oil companies over VAT on crude oil
Egypt’s Tax Authority (ETA) denies reports of a dispute between the government and oil companies over the…
Egypt supports SMEs with streamlined tax system
Egypt’s Tax Authority (ETA) head Rasha Abdel Aal said Law No. 6 of 2025, targeting businesses with annual turnover…
IMF may delay Egypt loan tranche – Reuters
The International Monetary Fund (IMF) is considering merging the fifth and sixth reviews of Egypt’s $8 billion…
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’s Sisi endorses sweeping tax relief, incentives for business
Egyptian President Abdel Fattah El Sisi has thrown his full support behind the government’s new tax relief…
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…
Indonesia’s president says VAT hike applicable only to luxury goods
Indonesia’s President Prabowo Subianto announced on Tuesday that the country’s planned increase in value-added tax…
Russia approves bill on digital currency taxation
Russia’s Federation Council approved on Wednesday a government-backed bill regulating digital currency taxation…
Shanghai eases property taxes to boost sluggish market
Shanghai, China will lower real estate transaction taxes starting December 1st to boost the property market.
China unveils tax incentives for struggling property market
The Chinese government has implemented new tax incentives aimed at stimulating the ailing property market.
Egypt introduces simplified tax system for small businesses
Egyptian Finance Minister Ahmed Kouchouk announced a new, streamlined tax system for small and micro enterprises,…
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…
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…
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…
Moody’s: Egypt’s deficit expected to rise to 12% despite new VAT
After the Egyptian parliament passed the value added tax bill, Moody's forecasted that Egypt's budget deficit will…
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).…
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…
Egypt parliament to address key economic issues on Sunday
Before Egypt's parliament adjourns for summer recess in the first week of September, it aims to tackle a number of…
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…
Investors Associations urges Egypt govt. to exclude free zones from VAT law
Egyptian Union for Investors Associations urged the government to amend the tax price in Value Added Tax (VAT) law…