Law No. 67 for Egypt's new value added tax (VAT) regime has been ratified by the president and published in the Official Gazette on 7 September 2016. The main aspects of the new regime, which entered into force 8 September, are summarized as follows.
VAT Rates
- The standard VAT rate is 13% for the year ending 30 June 2017, and will be 14% from 1 July 2017;
- A 5% reduced rate applies for machinery and equipment used for producing goods or rendering services;
- A zero-rate applies for exports, s…