No relation for cigarettes’ price hike to VAT: Tax Authority

Wed, 12 Jul 2017 - 01:14 GMT

Public Taxes Authority announced in a Wednesday statement that Eastern Company’s decision raising cigarettes’ price has no relation to any amendments in the Value Added Tax (VAT) law.

Egypt hikes 3 cigarette brands’ prices by up to 17.6%

Wed, 12 Jul 2017 - 09:54 GMT

Eastern Company raised the price of three cigarette brands by 4.2 – 17.6 percent (LE 0.50 – LE 2.25, $0.028 – $0.126) as of Wednesday, the company announced.