Egypt

Egyptian VAT rates

October 15th, 2018

VAT is due on all goods and services supplied domestically or imported. Exports are exempted. The following VAT rates are in place:


Egypt

Egyptian VAT returns

October 15th, 2018

VAT registered businesses must submit returns on a monthly basis. Returns are due up to two months after the reporting period. Penalties for non-payment of due VAT include 1.5% per month of the outstanding amount.


Egypt

Egyptian VAT registration

October 15th, 2018

Any business providing taxable supplies in Egypt is liable to VAT register if their sales exceed EGP 500,000 per annum. There is no voluntary VAT registration option. In the case of imported B2B services, there is no automatic requirement for a foreign supplier to register; instead the Egyptian customer may record the import under the …


Egypt

Egypt

October 15th, 2018

Egypt introduced a Value Added Tax (VAT) regime on 8 September 2016, replacing a 10% Sales Tax. The VAT system follows the OECD-model, with tax due and reclaimable throughout the production chain until the final consumer. VAT is termed Al Dareeba Ala el Qema Al Modafa locally and is administered by the Ministry of Finance.


Bahrain

Bahraini VAT compliance

October 15th, 2018

Bahraini VAT registration The compulsory VAT registration threshold in Bahrain is BHD 37,000 per annum. A voluntary registration for businesses below this threshold is permitted, although this has its own minimum threshold of BHD 18,850 per annum. There is scope for related businesses to apply for a single, Group VAT registration. There is no threshold …


Bahrain

Bahrani VAT rates

October 15th, 2018

Bahrani VAT rates Generally, Bahrain follows the terms of the Agreement, including the harmonised standard VAT rate of , but has a wider range of zero and reduced VAT rates to provide subsidies to the less well off in society. The current rates are:


Bahrain

Bahrain VAT transition rules

October 13th, 2018

Bahrain is to introduce a 5% VAT from 1 January 2019. The following rules will apply to supplies contracted and supplied over the introductory period. Where invoices were issued, or payments made, prior to 1 January 2019 for post-implementation supplies, then VAT is still due. In this case, a debit note for the original invoice should be issued …


Angola

Angola delays VAT launch to Jul 2019

October 8th, 2018

Angola has delayed the introduction of VAT until 1 July 2019. VAT was to be introduced on 1 January 2019, replacing the exiting consumption tax of 10%. The latter was a non-deductible tax charged throughout the production chain, resulting in a compounding of the tax levy and discouraging internal manufacturing development. The delay is due the …


Bahrain

Bahrain 1 Jan 2019 VAT Bill passes

October 7th, 2018

Updated 8th Oct: the parliaments Upper House has passed the Bill tonight. Royal Assent is now a formality within the next week. Bahrain’s parliament lower house has passed today the implementation of a 5% VAT regime from 1 January 2019. The House of Representatives approved a Gulf Arab agreement to introduce VAT after a royal …


Saudi Arabia

Saudi Arabia VAT reverse charge foreign providers

October 5th, 2018

The Saudi Arabian tax authority has published guidance on the reverse charge rules for B2B supplies provided by non-residents. As with most VAT regimes, the ‘general rule’ place of taxation for services is where consumed. The reverse charge is a VAT simplification which limits the instances where a foreign provider has to VAT register in …