01/06/2003
Al-Felous Newspaper 2003/JUNE /01
Investors and producers have been calling for cutting sales taxes on capital equipment. Indeed, they affect the development of the Egyptian industry – which heavily relies on machinery and technology – and, consequently, reduces the possibility of creating new job opportunities, especially among the youth. (Available in Arabic – German in PDF )
Investors and producers have been calling for cutting sales taxes on capital equipment. Yet so far, their calls have fallen on deaf ears and only palliative measures have been put in place. Taxes on capital equipment are seen as a heavy burden, as they reduce the quantity of machinery and technology the Egyptian industry can be provided with. This affects the development of this sector and, consequently, reduces the possibility of creating new job opportunities, especially among the youth.