The long-delayed value added tax (VAT) has been set by the government at a flat rate of 10%, according to the country's sustainable development strategy for 2030 website that was launched on Wednesday. The bill is currently under review by Parliament and is one of the challenges to be presented by the government to the house of representatives. Egypt's government hopes to raise tax revenues by around EGP30 billion upon the implementation of the new tax. (ahramonline)
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