Value Added Tax

Uber finally responds to Egypt’s Value Added Tax Law
Business

Uber finally responds to Egypt’s Value Added Tax Law

Ride-hailing app Uber will finally pay the Value Added Tax (VAT) in Egypt, fulfilling Law No. 67/2016, Minister of Finance…
Taxes on cars below 1600 ccs will be reduced to LE65,000 in January: Official
Business

Taxes on cars below 1600 ccs will be reduced to LE65,000 in January: Official

  Adviser to the Finance Minister for customs Magdy Abdul Aziz said on Tuesday that in the event of the…
Egypt and Japan sign a grant to establish automated VAT system
Egypt

Egypt and Japan sign a grant to establish automated VAT system

  Egypt and Japan on Sunday signed a LE15.5 million grant agreement to support the establishment of an automated system for…
Saudi Arabia, UAE introduce VAT in push to boost revenue
Middle East

Saudi Arabia, UAE introduce VAT in push to boost revenue

Saudi Arabia and the United Arab Emirates welcomed the new year on Monday with a series of measures aimed at…
Tax revenues reach LE60 billion this year, Finance Ministry
Business

Tax revenues reach LE60 billion this year, Finance Ministry

Deputy Minister of Finance for taxation policies Amr al-Munir said tax revenues witnessed an increase after the implementation of the…
Egypt’s foreign reserves surge to $36.1 in August: CBE
Economy

Egypt’s foreign reserves surge to $36.1 in August: CBE

Egypt’s foreign reserves increased to $US 36.143 billion in August from $US 36.036 in July, surpassing, for first time, pre-January…
Mobile phone bills to increase between 5% and 7%
Business

Mobile phone bills to increase between 5% and 7%

Mobile phone bill rates are set to increase by between 5 and 7 percent due to the application of Value…
Sisi ratifies law replacing sales tax with VAT
Business

Sisi ratifies law replacing sales tax with VAT

President Abdel Fattah al-Sisi has ratified the new law on Value Added Tax (VAT), according to a report in The…
Egyptian parliament approves value-added tax at 13 percent
Business

Egyptian parliament approves value-added tax at 13 percent

Egypt's parliament approved on Monday a long-awaited law introducing a value-added tax of 13 percent, rising to 14 percent in…
Parliament approves VAT bill at 13 percent tax rate
Business

Parliament approves VAT bill at 13 percent tax rate

Egypt's House of Representatives gave its initial approval for a bill to introduce Value-Added Tax (VAT) during preliminary discussions in…
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