Egypt 13% VAT 2016
- Aug 29, 2016 | Richard Asquith
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 compounding taxation on manufacturing and deters outsourcing
- VAT shifts the tax burden from job-creating companies to consumer spending.
- Egypt needs to match the VAT regimes of Turkey, India (GST in 2017) and China to ensure it becomes a global manufacturer
- VAT will broaden the tax base to more services
- The International Monetary Fund made the reform conditional on further loans to Egypt
Egypt VAT news
Total results : 4
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/middle-east-and-africa/egypt,avalara:content-tags/primary-blog-tags/vatlive/location/africa-and-middle-east/middle-east/egypt
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Union vs non-Union OSS: what’s the difference?
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/middle-east-and-africa/egypt,avalara:content-tags/primary-blog-tags/vatlive/location/africa-and-middle-east/middle-east/egypt
May-31-2022
US 2021 sales tax updates for foreign businesses
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/middle-east-and-africa/egypt,avalara:content-tags/primary-blog-tags/vatlive/location/africa-and-middle-east/middle-east/egypt
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Norway extends reduced VAT cut
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara