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ETA, Uber Egypt agree on mechanism to collect VAT: Finance Minister

The Minister of Finance, Mohamed Moeit, announced that an agreement was reached between representatives of the Egyptian Tax Authority (ETA) and Uber Egypt to collect the value added tax (VAT) from the tech firm in application of the provisions of Law No 67 of 2016. Moeit said that the agreement comes as result of the …

Daily News Egypt

Car dealers to enter used vehicles market after applying VAT

The Ministry of Finance issued on Tuesday its decision no. 34 of 2018 which applies the value added tax (VAT) on the reselling of used cars in the local market, based on the difference in price between the resale and purchase price of used cars. Alaa Elsaba, chairperson of Elsaba Automotive Group—authorised distributor of a …

Daily News Egypt

Stability of monetary policy, simplified government measures attract investment: Infinix

Infinix Corporation, specialised in manufacturing smartphones, is working to develop after-sales services in the Egyptian market and plans to increase the number of its major maintenance centres. Business development manager at Infinix, Ahmed Wagih, told Daily News Egypt in an interview that the economic conditions in Egypt and the scarcity of US dollars have impacted …

Mohamed Alaa El-Din

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