Egyptian Parliament’s budget committee, food chains to meet for VAT amendment discussions
Published 30 Mar,2021 via Daily News Egypt - Official sources at the Egyptian House of Representatives’ budgeting and planning committee met with major food chains, on Tuesday, to discuss the new amendments to the VAT law.
The meeting was held upon the request of main producers to discuss the amendments, in order to avoid any harm to their financial health. Among the major food producers were Nestlé, Edita, Sanofi, Unilever, and PepsiCo.
In January 2021, the Ministry of Finance had sent new amendments relating to the VAT law to parliament for tentative approval. The amendments implied concessions for retailers, agri-producers, and the poultry industry, but at the same time, a hike in the rate for producers of snacks.
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Daily News Egypt