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Tax authority addresses rising gold prices
Ragab Mahrous, advisor to the Head of the Tax Authority, confirmed that the amendments to the Value Added Tax law are part of the ongoing tax reform process and aim to support the national economy, complemented by a package of facilitation measures to complete the reform. He explained that the system has been implemented in accordance with precise legislation to balance government support and ease procedures for taxpayers. The government also aims to increase exports to $100 billion by 2030. Additionally, he affirmed that there is no current increase in the price per gram of gold, as prices are linked to global markets. The new tax amendments will be discussed in Parliament for approval by the presidency.
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