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Egypt VAT launch Sept 2016

  • VAT
  • 28 June 2016 | Richard Asquith

Egypt VAT launch Sept 2016

The Egyptian Finance Minister has declared that a full VAT regime will be launched in the autumn.

The announcement came as Egypt plans a $3 billion bond to cover its deficit. The implementation of VAT, to widen the government’s tax base, is seen as a key reform to secure the debt.

The imposition of VAT, potentially at 14%, still requires Parliamentary approval.

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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.