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Egypt to Introduce Taxes on ‘Digital Economy’ Soon

The law is currently being prepared and measures are being taken to impose a tax system on e-commerce, online advertising, and social media websites.
03.12.19 | Source: Al Bawaba

Egypt’s Deputy Minister of Finance Ahmed Kouk said the law is currently being prepared and measures are being taken to impose a tax system on e-commerce, online advertising, and social media websites.


The move aims to “collect the right of the state; in line with the global economic changes that are based on digital transformation and contribution to the integration of the digital economy in the formal economy,” a statement published by Egypt’s ministry of finance said.


In 2017, an Egyptian member of parliament proposed a draft law to impose a tax on social media users, although his proposal at the time aimed to tackle “terrorism”.






 





Riyad Abdel Sattar said users of websites such as Facebook and Twitter should pay monthly "registration fees" that would allow the state to closely monitor activity online.

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