VOL. XXXIV
NO. 31
6-MAY-1991
Financial and Banking News
Budgets & Revenues
Egypt Takes Step towards Economic Reform with New Sales Tax
A new 10% sales tax went into effect in Egypt on 5 May as part of along-delayed effort to introduce reforms within the Egyptian economy and easethe burden of government subsidies. President Husni Mubarak signed the tax billinto law on 1 May, following its approval by the National Assembly. Initiallythe tax will affect only producers and importers, but it will...
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