Indirect Tax News - Issue 3
03 October 2016
VAT was introduced in Egypt with effect from 8 September 2016, replacing sales tax, its previous indirect tax regime. The new tax law is part of an economic reform programme package aimed at reducing the country's budget deficit and is expected to increase tax revenue by around EGP 30 billion. In principle, VAT applies to all provisions of goods and services, other than some goods and services that are listed in an exemption table. This article highlights key provisions of the new VAT in Egypt.