VAT news tagged as "General Sales Tax"

Egypt VAT update

August 5th, 2016

The Egyptian Parliament is reviewing implementation Bill for the introduction of VAT potentially next year. The standard VAT rate has yet to be determined, but it is likely to be up to 15%, with a EGP 500,000 registration threshold. The compares to the current 10% General Sales Tax, which has an EGP 150,000 threshold. VAT …


Egypt near VAT implementation

October 29th, 2014

Egypt has confirmed that it is closer to the publishing of a VAT implementation bill. Consultations with the International Monetary Fund (IMF) are progressing well, and the hope is that a Bill could be introduced before the end of 2014. Currently, Eygpt has a General Sales Tax of 10%. However, this has limited ability to …