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Tuesday, 28 May 2019

Tax settlement specifics under Egypt’s new export program to be announced next month

Some exporters will get tax breaks instead of cash payment of export subsidies. That’s the key takeaway from a Trade Ministry statement (pdf) issued after a meeting between ministry officials and representatives of Egypt’s export councils. The proposal, part of a bit to prompt the ministry to make good on overdue export subsidy payments, will next be taken up at a meeting of the Export Subsidy Fund in the second half of June. Manufacturers claim to be owed bns in overdue export subsidy payments.

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