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  Egypt : Uber now subjected to a 14% VAT Tax

Tuesday, 19 February 2019 15:03
  Egypt : Uber now subjected to a 14% VAT Tax

(Ecofin Agency) - American transportation service provider Uber would now have to pay value-added tax to continue its operations in Egypt, Abdel Azeem Hussein, head of the tax administration announced on 18, February 2019.  

According to information reported by Reuters, the new measure should affect other companies in the same line of operations in the country.

This should ease tensions between the American company and its Egyptian workers. The latter brought Uber and its main competitor Careem to justice accusing them of using private cars as taxis.

The enforcement of a 14% VAT tax could impact the prices of services offered by the company that has come into conflict with many governments, in Europe notably.

Let’s note that Egypt is the firm’s largest market in the Middle-east with about 157,000 drivers estimated in 2017 and 4 million users since its launch in 2014.

Moutiou Adjibi Nourou

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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