Egypt: Draft VAT Law Under Consideration

Analysis

The Director of Egypt's Tax Department, Abdulmenam Matar has announced the Department is currently conducting a series of consultations on a draft VAT Law.

Matar said the feedback from the bodies being consulted would be taken into consideration when the final law is issued.

Under the new law, VAT will be returned within six weeks instead of three months. Some products and services will be completely exempted.

Matar also announced the income tax and sale tax departments will be merged.

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