New VAT regime in Egypt
From 8 September 2016 Egypt has introduced VAT to replace its existing sales Tax.
The standard rate for the year ending 30 June 2017 is 13% and it is anticipated the rate from 1 July 2017 will be increased to 14%.
Any business carrying out transactions with Egyptian customers, or in Egypt itself, will need to review their operations to ensure compliance with the new regime.
We can assist with such a review which will need to consider; reporting systems, documentation, processes, budgeting, and contracts etc