Egypt plans ‘exceptional’ cut to debt levels, lowers medical VAT to 5%: Kouchouk

Egypt is targeting an “exceptional” improvement in its budget debt indicators while implementing a second package of tax facilities that includes cutting value-added tax (VAT) on medical equipment to 5% from 14%, Finance Minister Ahmed Kouchouk said on Tuesday. Speaking at the Hapi Journal Conference on economic competitiveness, Kouchouk stated…