A new decree was issued by the Egyptian Minister of Finance suspending VAT on machines and equipment (including production lines) imported for factories and production units if the industrial producer meets specific requirements. The VAT Law provides for a suspension of 9% of the VAT for the said category of imported machines and equipment. Accordingly, the VAT is collected at a flat rate of 5% if the service provider meets the specified requirements, as will follow.
Source: amereller.com
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