Virnect Corrects Egypt Contract Terms to Exclude VAT Rather Than Apply Zero Rate

Bitget2026/10/30 02:11

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Virnect corrected its Egypt supply contract on Oct. 30, 2026, changing tax treatment from zero-rated to excluding VAT.
The KRW 899.42 million contract represents 29.04% of 2025 consolidated revenue.
Payment installments also exclude VAT under the revised terms.
The waste-management training systems contract runs from Aug. 21, 2026, through May 31, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Virnect Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261030900300), on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Virnect Corrects Egypt Contract Terms to Exclude VAT Rather Than Apply Zero Rate

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