Egypt confirms the introduction of VAT from September 2016

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

Lithuania considers a standard VAT rate increase

Lithuania is currently considering whether to increase its standard VAT rate by 1% from 21% to 22%. This is being proposed to help meet additional military...

SEE MORE
VAT news
LATEST NEWS

Brazil to introduce indirect taxes on digital service...

From 2026, Brazil will introduce two new indirect taxes that will replace its old tax system. These two new taxes will work in a similar way to VAT and are...

SEE MORE
VAT news
LATEST NEWS

Ireland increases the VAT rate applied on...

The Irish government has confirmed that from 1 January 2026, the VAT rate will increase from 9% to the standard rate of 21% for: Accommodation...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.