A law that went into effect in Egypt earlier this year and applies as from 27 January 2022 introduces several changes to the VAT rules, including the following:
- Goods and services exported by entities operating in Egyptian Special Economic Zones are zero-rated, as are goods and services purchased by such entities, provided the goods/services are necessary for licensed activities.
- Advertising services are subject to the 14% standard VAT rate to replace the 20% stamp duty, which has been abolished.
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Source BDO
