An appeal against a new Value Added Tax (VAT), which was introduced in a recent law, has been postponed to November 6. The Administrative Court ruled on Sunday that the appeal filed by Sameh Ashour, chairman of the Lawyers Syndicate, and several others should be postponed for two weeks. The appeal requests the cancelation of the recent decision to impose VAT in Egypt. In August, parliament passed the law imposing 13 percent VAT, rising to 14 percent next year. Basic goods and services were exempted from the VAT to alleviate the financial burden on the poor.

Source: Egypt Independent October 24, 2016 11:15 UTC