VATupdate
VAT

Share this post on

VAT Changes Amid Economic Reforms and Push for Foreign Investment

Egyptian Finance Minister Mohamed Maait clarified that Egypt does not levy value-added tax (VAT) in foreign currency on imports but rather on goods and services typically transacted in foreign currency, as stated in a Cabinet release. VAT deductions in foreign currency are applicable to purchases made in hard currency at tourist and other establishments.

Source: GVC

Sponsors:

VAT news

Advertisements:

  • VATupdate.com
  • AXWAY - VATupdate Banner