- Egypt amended value-added taxes on cigarettes and alcoholic drinks
- A new levy on crude oil was introduced
- These changes are part of IMF-backed reforms to boost revenue
- Alcoholic beverages will have price increases based on alcohol content
- All types of alcoholic drinks will see a 15 percent hike for the next three years, then 12 percent thereafter
- Cigarettes will have a price increase of 5 to 8 Egyptian pounds per pack depending on type and origin
Source: news.bloombergtax.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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