Some 52 goods and services will be exempt from the final draft of the value-added tax (VAT) legislation, said Finance Minister Amr El Garhy. The 20 services exempted include health; education; media-related services such as film production, broadcasting, publishing and printing; and banking and all financial services under the supervision of the Egyptian Financial Supervisory Authority. Thirty-two goods will be exempt include the usual staples such: as infant formula, basic food commodities, and animal and agricultural products, Al Mal reports. Restaurants and food outlets will also be exempt, but the ministry will issue a further clarification on this point. Oil, butane gas, and other fuel sources were also included in the list. Books and newspapers will also be exempted. House Economics Committee member Ashraf Al Araby has interpreted the education exemption as encompassing international schools, despite statements last week by Deputy Finance Minister for tax policy Amr El Monayer that these schools will be subject to a 10% VAT, Al Mal reports.