- VAT collection in foreign currency applies only to goods and services paid for in foreign currency by licensed entities.
- The decision does not apply to import operations.
- VAT can be deducted from input or purchases in the same currency before payment.
- VAT collection in foreign currency is limited to entities licensed to deal in foreign currency.
- The decision applies to services provided to foreigners, such as tourism services.
- The taxpayer can pay the tax in Egyptian pounds if they have relinquished an amount in foreign currency equal to or greater than the tax amount.
- The Ministry of Finance is committed to collecting state treasury dues and achieving tax justice.
- VAT on input or purchases in foreign currency will be deducted before paying the VAT due on the value added.
Source: eta.gov.eg
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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