VAT

Egypt raises VAT on tobacco products
Egypt

Egypt raises VAT on tobacco products

A bill increasing the value-added tax imposed on tobacco products, including cigarettes and syrupy tobacco mix “shisha maassel”, has been approved…
Zero customs on European cars imported into Egypt, 2000 CC prices decrease
Economy

Zero customs on European cars imported into Egypt, 2000 CC prices decrease

    Egypt’s customs authorities on Tuesday began applying the last tranche of tariff reductions on cars from the European…
Government to exempt EU cars from customs taxes in January: Ministry
Economy

Government to exempt EU cars from customs taxes in January: Ministry

Deputy Minister of Finance for Customs Affairs Magdy Abdel Aziz said on Tuesday that the government would exempt European cars…
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-free no more: Saudi Arabia, UAE to roll out VAT in 2018
Middle East

Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018

Saudi Arabia and the United Arab Emirates, which have long lured foreign workers with the promise of a tax-free lifestyle,…
Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018
Middle East

Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018

Saudi Arabia and the United Arab Emirates, which have long lured foreign workers with the promise of a tax-free lifestyle,…
Domestic cigarette price hike starts Thursday: Eastern Tobacco Company
Egypt

Domestic cigarette price hike starts Thursday: Eastern Tobacco Company

Egypt’s largest cigarette manufacturer, the Eastern Tobacco Company, said on Thursday that a price hike on cigarettes produced by Egyptian-owned…
UAE ruler issues decree to start value-added taxes in 2018
Economy

UAE ruler issues decree to start value-added taxes in 2018

The ruler of the United Arab Emirates has issued a decree that sets the stage for value-added taxes to start…
Private sector still faces “risks” after EGP devaluation: Financial Times
Business

Private sector still faces “risks” after EGP devaluation: Financial Times

Factories and entrepreneurs in Egypt are still facing tremendous “risks” after the flotation of the Egyptian pound in November 2016, the…
Eastern Tobacco Co. increases prices of cigarettes
Egypt

Eastern Tobacco Co. increases prices of cigarettes

Eastern Tobacco Company increased the prices of 3 categories of cigarettes from an added 50 piasters up to LE2.25, as…
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