30 September 2016
The Egyptian government introduced VAT in the country from 8 September 2016. The VAT rates introduced are a standard rate of 13%, which will increase to 14% from 1 October 2017, and a reduced rate of VAT at 5% which will apply to certain types of machinery and equipment.
It is hoped that by switching to VAT from the current sales tax regime it will raise additional revenue to help deal with the country’s growing deficit.
The deficit is the difference between what the government spends and what it gets in income (mainly from taxes).
LATEST NEWS
Welcome to our new VAT Compliance Director, Amar...
We are pleased to announce the appointment of Amar Kanabar as VAT Compliance Director, strengthening our commitment to invest in global compliance capabilities...
SEE MORE
LATEST NEWS
Belgium introduces three-month tolerance period for...
Belgium’s mandatory business‑to‑business e‑invoicing regime came into effect on 1 January 2026, with the authorities granting a three‑month...
SEE MORE
LATEST NEWS
France provides list of authorised agents for...
France’s central public finance authority (DGFiP) has published a list of approved e‑invoicing platform agents that French businesses may appoint ahead of...
SEE MORE