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Egypt early VAT rise to 14% July 2017

  • VAT
  • 19 January 2017 | Richard Asquith

Egypt early VAT rise to 14% July 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 purpose was to improve the efficiency of tax collections, and broaden the tax base. VAT also helps reduce the tax burden on job-creating manufactures, and help improve Egypt’s global competitive profile.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.