Taxes: Four-year extension for machinery and device tax deferment

The Egyptian Tax Authority has confirmed that the proposed amendment to the Value Added Tax law includes extending the suspension period for paying VAT on machinery, equipment, and medical devices from two years to four years. This measures aims to support industry and investment, and to ease burdens on industrial projects, particularly those that require a longer period for preparation and operation. This amendment is part of the Ministry of Finance's efforts to promote local production and stimulate investment by simplifying tax procedures and providing facilities tailored to the nature of large-scale projects.

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