- The Egyptian Tax Authority issued a correction regarding the tax treatment of consumer finance services under the VAT law.
- The correction was made due to numerous inquiries about the tax treatment of consumer finance interest provided by finance companies.
- The correction is based on the VAT Law No. 67 of 2016, its executive regulations, amendments, and the conclusions of the Tax Legislation Committee, approved by the Minister of Finance.
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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