The head of Egypt's tax authority announced on April 9th, 2014, that the country's is in the process of introducing a VAT law and that the draft of the law is currently under discussion. Key details of the law include:

• VAT will apply on all goods and services, including imports
• Although not yet set, a single standard rate of VAT will apply between 10% and 12%
• Operations in Free Zones will be s…