13 January 2013

Egypt: Head of Tax Authority - Companies Raised Prices Before Applying New Amendments

Head of Tax Authority, Mamdouh Omar, said on 12/1/2013 that there is no relationship between any new increase in the prices of some goods and the tax ammendments that have been off work until the end of the community dialogue by Ministry of Finance with other institutions, business and civil society organizations.

He said that prices of the sales tax on cigarettes and other goods did not enter into force until now and the recent increase in prices imposed by manufacturers, pointing out that all proposals made by members of Chambers of Commerce, the Federation of Industries, Investors Associations and parties during community dialogue will be considered and dealt with seriously and will be presented to Finance Minister to take appropriate measures before the start of the actual implementation of these amendments.

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