ECONOMY

Egypt denies plans to tax Facebook

In this Feb. 6, 2011 file photo, taken during the Egyptian revolution, protestors wrote 'We are the men of Facebook' in Tahrir Square, Cairo, Egypt. (AP)

Egypt’s finance ministry this week denied plans to impose taxes on Facebook, halting previous rumors that circulated after the social media giant said it would pay far more tax in the UK.

There is no intention to impose taxes on the use of Facebook, Salah Yusuf, financial ministry’s affiliated tax research body said, in a reversal of his previous comments.

He added that the taxation department is currently considering taxing the e-commerce of goods and services, and plans to attach it to the upcoming Value Added Tax laws.

The Yawm al-Sabeh newspaper previously quoted Yusuf as saying that Facebook should pay tax.

One hour after the publication of the statement, the ministry has quickly released a statement denying the news and Yusuf made a new statement negating what he said before.

A marketing research firm said recently that the number of Facebook users in Egypt reached 27 million users in Dec. 2015, making up 30 percent of country’s population. Egypt is by far the most populous country in the Arab world.

52 percent of Facebook users in Egypt are under 25 years old, and that 35 percent of users are female.


This article was first published the Arabic website of Al Arabiya News Channel on March 4, 2015.

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Last Update: Saturday, 5 March 2016 KSA 15:59 - GMT 12:59
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Egypt denies plans to tax Facebook
A marketing research firm said recently that the number of Facebook users in Egypt reached 27 million users in Dec. 2015
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