Egyptian cabinet prepares bill to impose taxes on e-commerce ...Egypt

Commercial, financial and tax circles in Egypt are awaiting the fate of a bill to impose taxes on e-commerce, with sources familiar with the Ministry of Finance confirming that the bill had recently been referred by the cabinet to the House of Representatives. The advisor to the Minister of Finance for tax affairs Ramy Mohamed Youssef in a special statement to Al-Masry Al-Youm denied any taxation on social media users, stressing that the draft law seeks to regulate e-commerce and subject it to tax. According to Tax Authority official Mohsen al-Gayyar, e-commerce is subject to value-added tax at a rate of 14 percent in accordance with the value-added tax law and the unified tax procedures law

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