Cairo – Mubasher: Egypt’s long-awaited value added tax (VAT) has been estimated at a flat rate of 10% until 2030, said the website of sustainable development strategy for 2030.
By the application of the new VAT, the Egyptian government seeks to raise tax revenues by EGP 30 million ($3.8 billion) for 2015/16.
The VAT is known as an indirect tax paid by consumers and calculated by deducting input VAT from output VAT.
