- VAT tax collection in foreign currency
- Applicable from 24/12/2023 in certain banks
- The tax is applicable to goods and services paid for in foreign currency
- The tax is deducted from the purchase value in foreign currency
- Exchange rate is based on the official bank rate
- VAT payment can be made through designated banks
- Different procedures for taxpayers in integrated tax centers and non-integrated tax centers
- Monthly sales invoices are submitted in Egyptian pounds
- A separate field is added for VAT payment in foreign currency
- The tax is calculated and deducted from the total amount
- Remaining tax is paid in Egyptian pounds
- Hotline and email available for inquiries and reporting tax evasion
- Official website and social media channels for Egyptian Tax Authority
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.
