Egypt Approves Draft Bill for Certain VAT Exemptions for Importers
The Egyptian Cabinet recently approved a draft bill that exempts importers from paying value-added taxes on shipping costs for certain “key commodities,” the U.S. Department of Agriculture Foreign Agricultural Service reported Dec. 9. The bill is expected to remove taxes…
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paid on freight costs for “grains, legumes, table salt and spices,” FAS said, ensuring a “sustainable supply of commodities to the Egyptian market without any disruptions.”