- Egypt changes VAT treatment for construction services to 14 percent from 5 percent
- Construction service providers can now deduct input tax on inputs, services, machinery, and equipment
- Businesses in malls and shopping centers will face a 1 percent tax on sales or rental cost
- Retailers outside malls and shopping centers remain exempt
- Crude oil will be subject to a 10 percent schedule tax rate
- New alcohol tax system introduced based on alcohol content
Source: answerconnect.cch.com
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.
