- Dr. Fayez Al-Daba’ani, head of the Egyptian Tax Authority, stated that the value-added tax is collected in foreign currency when paying for goods or services in the same currency to licensed entities.
- The implementation of this policy will start on December 24, 2023, in the National Bank of Egypt and Banque Misr and their branches across the country.
- The payment will be gradually extended to other banks.
Source: facebook.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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