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Minister of Finance: Value Added tax (VAT) realizes justice and eases burden on lower-income segments 
 

Minister of Finance, Hany KadryDimian, confirmed that the most important feature in Value Added Tax draft law is realizing social justice and almost maintaining full social dimension. According to a tax study upon which the Ministry depends in preparing the law, the new draft law aims to re-distribute tax burden; whereas the ratio of 20% of the highest-income segments shall incur the largest part, shall be gradually reduced on the lower-income segments till the ratio of  20% of the lowest-income segments who shall not bear any tax burdens. more...