The Egyptian government has had a busy time of late, shutting down taxi app mergers, taxing e-commerce platforms, and enforcing digital media regulation laws. Rumors have been swirling that Uber and regional equivalent Careem might be set to merge in Egypt, but it’s not going to happen. That’s because regulators have insisted they would fine each of the parties involved $28 million USD if it went ahead. Meanwhile, Egypt’s ministry of finance has announced it now requires e-commerce companies to charge VAT of 14 percent, just like ordinary stores, while the country has also started enforcing a law that requires…
This story continues at The Next Web
Or just read more coverage about: Google
from The Next Web https://ift.tt/2qn1bgs
