Egypt Introduces Sales Tax Changes to Prepare for Transition to VAT
On 5 September 2015, Egypt's Minister of Finance announced changes to the country's sales tax (GST) regime as part of a transition to a value added tax (VAT) regime. The changes include:
- Allowing a full deduction of input sales tax;
- Increasing the registration threshold to a unified threshold of EGP 500,000;
- Simplifying and unifying the sales tax rates, and exempting a number of essential good…