Minister of Finance Mohamed Ma’it affirmed in a statement Monday, June 15 that there is no prejudice to the tax rate in the draft amendment of the value added law.
Facebook administration announced charging Egyptian-based advertisers on the platform 18 percent on the value of advertising services in case they do not provide valid Egyptian value-added tax (VAT) identification number, Think Marketing Magazine reported
The Ministry of Finance applied the value-added tax (VAT) on the prices of internet ADSL services by 14 percent starting from July 2017.
Egypt’s annual inflation is forecasted to continue decreasing moderately over the coming months, a research note of Mubasher International said Sunday
Tax revenues recorded 291.13 billion EGP during the first ten months of the current fiscal year (FY) 2016/17