Cabinet denies increasing value-added tax in new general budget

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Fri, 15 May 2020 - 10:37 GMT

BY

Fri, 15 May 2020 - 10:37 GMT

Tax- CC via The Blue Diamond Gallery

Tax- CC via The Blue Diamond Gallery

CAIRO - 15 May 2020: The cabinet media center denied reports circulated recently that the government plans to increase value-added tax in the 2020/2021 general budget.

In a statement on Friday, the center said in contacted the Finance Ministry which dismissed the news and described them as baseless.

The ministry urged various media outlets and social media users to verify their reports before publishing them and contact the ministries concerned.

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