On January 11 2023, the Egyptian Minister of Finance issued Decree No. 24 of 2023 (the Decree) amending aspects of Executive Regulation No. 66 of 2017 of VAT Law No. 67 of 2016 covering VAT on e-commerce transactions by introducing a registration-based collection mechanism for non-resident suppliers (NRS).
The Decree covers the following areas.
- Electronic distribution platforms
- Responsibility for VAT collection
- A simplified registration process
- Imported services
- The reverse-charge mechanism regime on imported services
- Imported goods
- Input VAT refunds
Source: internationaltaxreview.com