Latest in Tag: VAT Highlight

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Latest in Tag: VAT


Egyptianpounds

Promises of reform: a story that could end happily, or in disaster

Prime Minister Sherif Ismail and the government have promised a litany of political and legislative reforms that would be implemented in the short term to develop Egypt’s economy and pull it out of its poor state. Debates over the Civil Service Law, the value-added tax, the investment law, as well as the budget deficit, trade …

Hisham Salah

OMR 0917

Parliament’s Budget Committee leaves VAT rate to the public session

Parliament’s Budget and Planning Committee has decided to leave setting a value-added tax (VAT) rate to the public session for discussion and vote. Yasser Omar, a member of the parliament’s Budget and Planning Committee, said that the committee’s report will be put up for discussion in a public session without a recommended rate. The original …

Abdel Razek Al-Shuwekhi

TRNic246052

Inflation rate likely to rise next year: experts

Egypt’s core inflation rate climbed to its highest level in seven years in June, underscoring the challenges confronting the government as it grapples with a foreign-currency crunch. Annual core inflation, which excludes volatile items such as food, reached 12.3% in June, up from 12.23% in May and the highest since February 2009, according to the …

Hisham Salah