Egypt to form committee to amend value-added tax law - report

Egypt will form a committee to amend value-added tax (VAT) law, according to media organization Asharq Al-Awsat English.

#Breaking| #Egypt to form committee to amend value-added tax law - finance minister pic.twitter.com/eonMOb9Njs

— Asharq Al-Awsat English (@aawsat_eng) July 29, 2019

The VAT law is part of a reform program that formed the basis of a $12 billion, three-year loan agreed with the International Monetary Fund in 2016.

VAT replaced a sales tax and broadened the tax base in a country where the government struggles to collect income tax because of a large informal economy and widespread avoidance.