Egypt Parliament VAT rate challenge
- Aug 20, 2016 | Richard Asquith
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 whole Parliament.
The Bill to introduce the new indirect tax, aimed at reducing bureaucracy and compounding tax, should help boost local manufacturing and establish Egypt as a regional production hub.
Egypt VAT news
Total results : 4
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Jan-11-2023
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
May-31-2022
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