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 machin…