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Egypt Introduces Sales Tax Changes to Prepare for Transition to VAT

|Approved Changes|Egypt
Egypt

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…

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