Tax Authority to meet with EGPC to discuss rebates for IOCs equipment suppliers

Tax Authority to chat about VAT with EGPC: Tax Authority officials will meet with the Egyptian General Petroleum Corporation (EGPC) next week to discuss further exemptions from the value-added tax for the industry. International oil companies are seeking VAT rebates for their equipment and machinery suppliers, Tax Authority Deputy Head Mohamed Abdel Sattar said on Wednesday, according to Al Borsa. IOCs are exempt from the tax under the terms of their production-sharing agreement with the EGPC, but contractors are not.