The proposed value added tax (VAT) bill will be presented to the House of Representatives without a proposed tax rate, Ashraf El Araby, a member of the economic subcommittee, told Al Mal. Instead, the legislation could leave the setting of the rate to the discretion of the Finance Ministry. El Araby said parliament will ask to know the exact rate will be charged, or at least it will require the government to disclose studies assessing the inflationary impact of the applying the VAT. El Araby also noted that he and his colleagues will not accept studies drafted before the most recent EGP devaluation. Al Mal had reported that the proposed VAT rate was increased to 14% from 10%.