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Egypt's Ministry of Finance denies increasing VAT on food commodities

Egypt's Ministry of Finance denies increasing VAT on food commodities
Some food commodities are exempted from the VAT

Cairo - Mubasher: The Egyptian Ministry of Finance has denied the allegations of a new rise in the value-added tax (VAT) levied on food commodities.

The ministry confirmed that the VAT has not been increased on any commodity, according to a statement issued by the Egyptian Cabinet on Monday.

The ministry added that some food commodities are exempted from the VAT in order not to impose further burdens on citizens.