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…
Browsing Tag
VAT
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…
