Egypt to introduce VAT in 2014
- Aug 15, 2013 | Richard Asquith
The Egypt Sales Tax regime may be phased out by 2014 as the government looks to introduce a full Value Added Tax system.
The plan is to overhaul this simple Sales Tax regime in July 2014.
Currently, a 10% sales tax is levied on most goods and imports. There is also a reduced 5% rates basic goods and services. Exports are exempt. There is a 25% rate for certain luxury goods.
The neighbouring Gulf States are also considering introducing VAT.