VAT applies to leases for retail outlets, education and health centers

VAT applies to leases for retail outlets, education and health centers: The Finance Ministry imposed yesterday the value-added tax (VAT) on leases of retail space from malls, hotels, resorts, sporting clubs, and factories, as well as spaces leased out for use as educational or health centers, Al Mal reports. The controversial move, which had gained the ire of the real estate sector the Federation of Egyptian Industries, came as these groups have alleged that the move violates the VAT Act, which exempts rentals from the 14% tax.