VAT executive regulations are at hand: Finance Minister Amr El Garhy signed off on the executive regulations for the value-added tax (VAT) last night, top government officials tell Al Borsa. El Garhy had told President Abdel Fattah El Sisi in a Tuesday meeting that the regulations would be official “in a few days’ time” and had been amended to incorporate some of the opinions of Egypt’s business community and a number of recommendations by the Egyptian Council of State (Maglis Al Dawla) from last week. The Maglis had proposed around 30 amendments to the draft regulations that state officials said would not all be accommodated. We’ll be on the lookout for a copy of the executive regulations for the value-added tax in the pages of the official gazette over the next few days, but you can tap here for a refresher on the regs.
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