Latest in Tag: VAT Highlight

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Latest in Tag: VAT


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Paper invoices will not be considered in deducting or refunding VAT as of 1 July: Finance Ministry

The decision includes not taking into account paper invoices in deducting or refunding VAT starting from 1 July, so that only electronic invoices will be considered, with the exception of paper invoices issued by companies or establishments before they were obligated to implement the electronic invoice system as well as invoices issued by companies or establishments that the Tax Authority has not decided to obligate to transition to an electronic system, taking into account the technical specifications and standards of the electronic system contained in the executive regulations of the Unified Tax Procedures Law.

Daily News Egypt

معيط

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

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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

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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