5 Major Developments in Egypt

5 Major Developments in Egypt

• Egypt Eases Conditions For Imported Machinery VAT Perks

• Egypt Unveils VAT Exemption on Some Imported Pharmaceutical Materials

• Google to Impose 14% VAT on Services in Egypt as of July 1st

• Egypt – VAT on digital services – Real-time VAT ID verification

• Egypt-ETA Announcement of Second Sub-Group of Phase 4

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Customs

• Egypt Gets Cabinet Approval for Tax-Free Gold Imports

E-Commerce / Electronic Services

• Egypt – VAT on digital services – Real-time VAT ID verification

• VAT Guidelines for Non-Residents: Digital and Remote Service Providers in Egypt

• Marketplace Liability on Sales of Remote Services and E-Services effective 22 June 2023

• New VAT Rules For Remote Service Providers

• Egypt introduces VAT guidelines for nonresident providers of remote digital and electronic services

• Egypt Publishes VAT Guidelines for Digital and Other Remote Services

• Guidance on VAT for Digital Services

E-invoicing

• Egypt-ETA Announcement of Second Sub-Group of Phase 4

• On July 1, 2023, Egypt will Completely Cease the Use of Paper Invoices

• Decree Issued for Change in Income Tax and VAT Regulations

• Egypt To Deny Expenditure Claims Without Electronic Invoices

• VAT E-Invoice Updates

• Egypt’s New E-Invoicing Mandate

• VAT E-Invoice Latest Taxpayers Mandated

Exemption

• VAT Exemption for Imported Production Equipment Simplified

• Egypt Unveils VAT Exemption on Some Imported Pharmaceutical Materials

• Egypt to facilitate VAT exemptions for imported production equipment

• Egypt Gets Cabinet Approval for Tax-Free Gold Imports

Importation

• VAT Exemption for Imported Production Equipment Simplified
• Egypt Unveils VAT Exemption on Some Imported Pharmaceutical Materials

• Egypt Eases Conditions For Imported Machinery VAT Perks

• Egypt to facilitate VAT exemptions for imported production equipment

• Tax Authority Explains VAT Value on Imported Gold

• Egypt Gets Cabinet Approval for Tax-Free Gold Imports

Invoice

• On July 1, 2023, Egypt will Completely Cease the Use of Paper Invoices

Legislative Change

• KPMG Week in Tax: 22 – 26 May 2023

Liability (Reverse Charge/Withholding)

• Decree Issued for Change in Income Tax and VAT Regulations

Place of Supply

• Google to Impose 14% VAT on Services in Egypt as of July 1st

Refund

• Decree Issued for Change in Income Tax and VAT Regulations

Registration

• New VAT Rules For Remote Service Providers
• Egypt introduces VAT guidelines for nonresident providers of remote digital and electronic services

Supply of Services

• Google to Impose 14% VAT on Services in Egypt as of July 1st

Taxable Amount

• Tax Authority Explains VAT Value on Imported Gold

Taxable Transaction

• Google to Impose 14% VAT on Services in Egypt as of July 1st

Territory

• Free Zones In Egypt