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flag Egypt adjusts VAT rates, applying higher taxes to construction and oil to fund human development projects.

flag Egypt's Tax Authority has made changes to the VAT to increase revenue for human development projects. flag The adjustments include applying the standard VAT rate to the construction sector instead of a 5% rate, and introducing a 1% tax on shops and administrative units in commercial centers. flag A 10% tax on crude oil has been added, but domestic petroleum product prices will remain unchanged. flag Essential goods and services like food, healthcare, and education are still exempt from VAT.

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