date:Dec 11, 2012
Egypt has increased taxes on beer by 200%.
President of Egypt Mohamed Morsi had approved the hike on 9 December 2012.
In addition to increased beer taxes, the President has also approved tax hikes on alcohol, cigarette and soda.
The increased taxes, included in Law No. 102 for the year 2012, have amended some provisions of the General Tax Law No. 11 for the year 1991.
Research Center of Sadat Academy economic head Ehab al-Desouki was quoted by Xiinhua as saying that the amendments are part o