The Egyptian parliament is currently examining the legislation to introduce a value added tax (VAT) and repeal the Sales Tax Law. The main aspects of the current draft legislation are as follows.
Rate and Registration Requirements
- The standard VAT rate will be 12% to 14% (final rate will be determined by parliament after the impact examination is completed);
- The general VAT registration threshold is sales of EGP 500,000, with taxpayers already registered for sales tax automatically maintai…