- VAT Law Amendments Enacted: Egypt’s parliament approved significant amendments to VAT Law No. 67 of 2016, enacted through Law No. 157 of 2025, which took effect on July 18, 2025.
- Changes to Tax Exemptions: The amendments include the repeal of the general exemption for crude oil, which is now taxed at a 10% excise rate, and for advertising and news agency services, which are now subject to the standard VAT rate of 14% (with specific exemptions for medical advertising).
- Construction Services VAT Rate Adjustment: The VAT rate for construction services has increased from 5% to the standard 14%, allowing businesses in this sector to claim full input VAT credits on related materials and services, provided they meet the necessary conditions for claiming credits.
Source Orbitax
Latest Posts in "Egypt"
- IMF Praises Egypt’s Digital Tax Reforms at Arab Fiscal Forum, Highlights Regional Economic Progress
- Clarification Issued on VAT Treatment of Consumer Finance Services in Egypt
- Cases for VAT Refunds in Egypt: Eligibility, Procedures, and Required Documents
- VAT Refund Procedures and Required Documents by the Egyptian Tax Authority
- New Egyptian Tax Rules for E-Commerce, Digital Marketing, and Online Freelance Activities
