- The Egyptian Tax Authority issued a clarification regarding the VAT treatment of consumer finance services.
- If licensed consumer finance companies separate interest from the value of taxable goods and services, the interest is exempt from VAT.
- The clarification was made in response to numerous inquiries and is based on the VAT Law and its amendments.
- The instructions are published on the official website of the Egyptian Tax Authority.
- The aim is to simplify tax procedures, provide clarity, and support voluntary compliance.
Source: eta.gov.eg
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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