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.


Egypt

Egypt VAT rises to 14%

June 29th, 2017

The Egyptian VAT rate rises from 13% to 14% on 1 July 2017. Egypt introduced VAT in 2016 at 13%.  It replaced a 10% Sales Tax.  The plan had been to raise VAT to 14% in October of this year, but a worsening fiscal environment forced the rise to be brought forward.


Egypt

Egypt early VAT rise to 14% July 2017

January 19th, 2017

Egypt has announced that it will bring forward to 1 July 2017 a 1% VAT rise to 14%. The original plan had been to raise VAT on 1 October 2017. However, the government faces a large deficit. VAT was introduced into Egypt at 13% on 1 October 2016. It replaced the 10% Sales tax. The …


Egypt

Egypt 13% VAT 2016

August 29th, 2016

Egypt will introduce Value Added Tax from October 2016 at 13%. The new rate was voted on in Parliament today. The standard rate will rise to 14% on 1 October 2017 as part of a compromise with the government. VAT to boost economy: The reasons for the consumption tax reform are: Existing 10% Sales Tax leads to …


Egypt

Egypt Parliament VAT rate challenge

August 21st, 2016

A key Egyptian Parliament committee has approved the government’s draft VAT implementation plan for March 2017.  However, it has recommended that the proposed standard VAT rate of 14% be reduced to only 12%. The current sales tax rate is 10%. The parliament will now discuss the potential rate in open debate and a vote by the …


Egypt

Egypt VAT launch Sept 2016

June 28th, 2016

The Egyptian Finance Minister has declared that a full VAT regime will be launched in the autumn. The announcement came as Egypt plans a $3 billion bond to cover its deficit. The implementation of VAT, to widen the government’s tax base, is seen as a key reform to secure the debt. The imposition of VAT, …


Egypt

Egypt VAT exemptions

May 22nd, 2016

As Egypt prepares to introduce VAT following the approval of a revised Bill by the Cabinet last week, the tax authorities have clarified some of the supplies which will enjoy a nil rate or exemption. The new Egyptian Value Added Tax will be introduced at a rate of 10%, as is the existing Sales Tax. …