Egypt to seek LE1.5 trillion in borrowing as debt servicing consumes 50% of 2022/23 expenditures
An MP blamed the government for not developing an austerity plan.
An MP blamed the government for not developing an austerity plan.
Plans to tax social media ads and e-commerce transactions are being actively being pursued, but how feasible are these measures and who’ll bear the cost?
Previous data shows that cigarette consumption has not been affected by price hikes in the past
In theory a VAT would streamline tax collection and bring in more revenue, but lax enforcement and inadequate punishments for evading it could do more harm than good
A value-added tax will be levied on sugar sales starting in the new fiscal year, according to a government decision that has…
Companies dependent on foreign currency will be negatively impacted, industry figures anticipate.
Taxation will be calculated automatically based on the sum of invoices
The IMF has called on the Egyptian state to push ahead with planned austerity measures and financial reforms before the finalization of…
Egypt’s poorest citizens spend almost twice as much on Value Added Tax as a percentage of their incomes as its richest.
The Ministry of International Cooperation announced the transfer of US$1 billion, the first tranche of a World Bank loan, in a statement…
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