The most notable of these amendments were the follows: .. Goods and services exported by projects of economic zones to free markets abroad, or received by said free markets, are subject to (zero) Tax. .. Commercial and Administrative units are now subject 1% VAT instead of 14% .. Seven types of advertisement are exempt from VAT, most notably are media advertisements or public safety announcements, and advertisements for employment .. Every non-resident and non-registered person who sells goods or performs taxable services to register in the simplified registration system.
Source: andersen.com
Latest Posts in "Egypt"
- Procedures and Requirements for VAT Refund Requests at the Egyptian Tax Authority
- Key Steps and Requirements for VAT Refund Requests in Egypt (2023 Update)
- No Paper Invoices Accepted for VAT Refund Requests from July 1, 2023, Says Tax Authority
- ‘Revised Rules’ Now Mandatory on Proofs of Origin for Exports from EU to Egypt Only
- Briefing document & Podcast: E-Invoicing & E-Reporting in Egypt
