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Egypt VAT update

  • Feb 1, 2016 | Richard Asquith

Egypt VAT update

Egypt is expected to shortly issue proposed details of its new Value Added Tax regime to replace the existing 10% Sales Tax. The new VAT system is seen as key to helping the country develop a manufacturing sector to compete with other regional emerging economies such as India and Turkey.

Potential highlights of the new indirect tax include:

  • Implementation on 1 October 2016
  • The tax base will be extended to most goods and services
  • There will be the right for VAT registered businesses to relaim input VAT suffered domestically and on imports
  • VAT rate of 10% or more

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara