Egypt’s parliament approves VAT law amendments, cuts medical device tax to 5%

Egypt's House of Representatives has passed amendments to the Value Added Tax law, notably slashing the tax on medical devices to just 5%. This move, which also introduces a new tax schedule for natural gas, aims to boost the medical sector and incentivize energy transition. The legislative change underscores the government's efforts to balance economic growth with sector-specific incentives, potentially improving healthcare access and fostering energy efficiency.