Legislation for the introduction of value added tax (VAT) is reportedly being prepared for a vote in the Egyptian parliament. Draft legislation for the introduction of VAT to replace Egypt's general sales tax (GST) regime has been under discussion for over two years. It was to be ready the end of 2015 and in force in 2016, with changes in the GST regime already made as part of a transition (previous coverage). With a parliamentary vote still pending, it is unclear if a mid-year introduction of VAT would be possible, although major mid-year changes in Egyptian tax regimes have been made in the past.
Additional details will be published once available.
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