Quick UpdatesSerious Business

Uber and Careem to Pay 22.5% in Corporate Tax

Share
Share

Since Uber first started operating in Egypt, they have been involved in on-going negotiations with the government over taxation. According to Enterprise, the negotiations has just resulted in a tax agreement that would see them, along with Careem, pay 22.5% in corporate taxes.

Moreover, Uber and Careem’s drivers will pay up to 3% on their take from fares.The companies will collect the tax on behalf of the government by adding 3% on top of the existing 20% commission that they charge their drivers.

We’ve reached out to Uber and Careem’s marketing teams for a comment.

Share
Related Articles
Cover StoryQuick Updates

Hussein Fahmy from Cannes: Hollywood Is No Longer the Sole Hub of Global Cinema

Renowned actor Hussein Fahmy, President of Cairo International Film Festival, took part...

Cover StorySerious Business

مجموعة عز العرب للسيارات تطلق Lynk & Co وتكشف عن جيل جديد من الطرازات الفاخرة في مصر

أعلنت مجموعة عز العرب للسيارات، الموزع الرسمي لعلامة Lynk & Co في...

Cover StorySerious Business

Egypt’s Women Entrepreneurs: The Untapped Economic Powerhouse

Today, we’re proud to highlight a milestone publication: the “first edition of...

Cover StorySerious Business

Why Therapy Needs to Be Covered by Work Health Insurance

Mental health has become as important as physical well-being in today’s fast-paced...