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

Brexit: UK VAT changes impacting e-commerce

From 1 January 2021, HMRC will introduce changes to the VAT treatment of goods sold from overseas businesses to UK consumers, either directly via import or via...

SEE MORE
LATEST NEWS

Fiscal representation after Brexit

With Brexit on the horizon, as a UK business it’s important you check whether you will now require fiscal representation in the EU countries where you’re...

SEE MORE
LATEST NEWS

Brexit: actions to help you prepare

The transition period after Brexit comes to an end this year and even if a trade deal is agreed, there will be a host of changes to the current VAT regime that...

SEE MORE

Gated Content

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