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Egypt News

13 Percent VAT Confirmed For Egypt

by Lorys Charalambous,, Cyprus

Thursday, September 1, 2016

Egyptian lawmakers have agreed to the introduction of a value-added tax regime with a 13 percent headline rate from the 2016/17 fiscal year. Read Full Story


Egypt Joins Global Forum On Transparency

by Lorys Charalambous,, Cyprus

Thursday, August 11, 2016

Egypt has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes, the OECD has announced. Read Full Story


Switzerland Strengthens Process To Deal With Illicitly Acquired Assets

by Ulrika Lomas,, Brussels

Thursday, June 2, 2016

Switzerland's Foreign Illicit Assets Act will enter into force on July 1, providing a new regulatory framework for the freezing, confiscation, and the restitution of illicitly acquired assets. Read Full Story


MENA Countries Seeking To Improve Fiscal Transparency

by Lorys Charalambous,, Cyprus

Friday, March 18, 2016

The International Monetary Fund's Middle East Center for Economics and Finance and the Middle East Regional Technical Assistance Center organized a regional workshop on "Fiscal Reporting and Transparency" in Kuwait City, Kuwait, from March 13–16, 2016. Read Full Story


Study Highlights Higher UK Taxes On Hiring

by Robert Lee,, London

Friday, February 26, 2016

UK businesses now pay employment taxes of 11.5 percent on top of employees' annual salaries, according to a new report covering 29 countries from UHY Hacker Young. Read Full Story


UK, US To Redouble Efforts To Ensure Airport Security

by Mike Godfrey,, Washington

Thursday, November 26, 2015

In a speech before the House of Commons on November 23, 2015, UK Prime Minister David Cameron committed to increase spending to ensure safety at airports in the UK and internationally. Read Full Story


Egypt Sees Huge Increase In Tax Revenues

by Lorys Charalambous,, Cyprus

Monday, November 2, 2015

Egypt's Ministry of Finance has issued a report showing a marked increase in tax revenues for the months of July and August 2015. Read Full Story


Report Highlights Jersey As A Conduit For FDI

by Jason Gorringe,, London

Tuesday, July 7, 2015

Jersey has attracted foreign direct investment worth more than USD65bn and distributed FDI worth more than USD75bn, according to a new report, which highlights the territory's contribution to the global economy. Read Full Story


African Tripartite FTA Launched

by Lorys Charalambous,, Cyprus

Monday, June 15, 2015

On June 10 in Sharm El Sheikh, Egypt, the leaders of the Southern African Development Community, the Common Market for Eastern and Southern Africa, and the East African Community agreed to present the proposed tripartite free trade area for signature by their 26 member countries. Read Full Story


China To Surpass US As World's Largest Aviation Market

by Mary Swire,, Hong Kong

Thursday, May 28, 2015

China will surpass the US to become the world's largest aviation market by 2033, according to a new report by aviation intelligence specialist OAG. Read Full Story



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