The Egyptian Cabinet approved on Wednesday a draft decision to amend some provisions of the Value Added Tax (VAT) Law on the list of goods and services exempted from tax.
According to the amendment, the leasing of civil aircrafts will be exempted from VAT, which was not collected before the date of its implementation, in light of the state's strategy to support the national air transport industry.
According to the statement, the cabinet also agreed to pay the financial dues to 10 governorates, as well as the dues of the parties participating in the legalization process of state lands, for the period from January 1, 2020 until July 15, 2021, according to the percentages established by law.
The cabinet also approved the decision and recommendation issued by the Ministerial Engineering Committee meeting, regarding the assignment of rehabilitation, maintenance, development and modernization of 23 trains for the first line of the Cairo Metro to the Spanish company "Construcciones y Auxiliar de Ferrocarriles (CAF)".
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