Egypt to introduce VAT in 2014

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.

Via VAT LiveEgypt to introduce VAT in 2014 | VAT Live.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s