Egypt Approves VAT Law Changes for Crude Oil, Advertising and News Agency Services, and Construction Services

On 29 June 2025, the Egyptian parliament approved various amendments to VAT Law No. 67 of 2016. Some of the main changes include:
- The repeal of the general exemption for crude oil, which is now subject to a 10% schedule tax (excise tax);
- The repeal of the general exemption for advertising and news agency services, which are now subject to the standard VAT rate of 14%;
- A change in the VAT rate …