- Egypt has enacted changes to the value-added tax law.
- Construction services are now subject to a 14 percent VAT rate, allowing for input tax deductions.
- Businesses in malls and shopping centers will face a one percent tax on sales or rental costs.
- Retailers outside these areas remain exempt.
- Crude oil is subject to a 10 percent schedule tax rate.
- A new alcohol tax system is introduced based on alcohol content.
- Tax on tobacco products will be significantly increased.
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.
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