Emerging Markets Rates and Currencies Handbook

Tax Summary – Egypt Egypt shareholder/ parent company), it should be subject to VAT reverse charges (in and out). • No effect on cashflow for the company if the company are selling • goods/services subject to VAT in Egypt. Note: Citigroup Inc. and any of its affiliates do not provide accounting, tax, or legal advice. Please seek advice from a relevant licensed advisor. Source: Relevant legislation, publicly available sources Country Deductibility and Considerations Inter-Co Debt Offshore Bank Loans Offshore Local Borrowing Derivatives Equities