Egypt's Ministry of Finance denies increasing VAT on food commodities

Cairo - Mubasher: The Egyptian Ministry of Finance has denied the allegations of a new rise in the value-added tax (VAT) levied on food commodities.

The ministry confirmed that the VAT has not been increased on any commodity, according to a statement issued by the Egyptian Cabinet on Monday.

The ministry added that some food commodities are exempted from the VAT in order not to impose further burdens on citizens.

Mubasher Contribution Time: 14-Dec-2020 13:45 (GMT)
Mubasher Last Update Time: 14-Dec-2020 13:45 (GMT)