VAT could be implemented as early as October if Parliament approves the bill, Finance Minister says
The Minister of Finance Amr Al Garhy said at a hearing held by Parliament Economic Committee that the Value-Added Tax (VAT) could be as early as October if Parliament approves the bill, adding that he had met with MPs 15 times to discuss the tax. Delays in passing the bill since the start of the current fiscal year have led the Ministry to reduce its EGP32bn estimated intake from the tax. (Al Shorouk, Al Mal)
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