- The Egyptian Tax Authority (ETA) issued instructions clarifying how taxpayers can offset VAT credits against tax debit balances.
- Taxpayers can request to settle VAT credits with tax liabilities, provided credits are final and undisputed (evidenced by Form no. 15) and debits are payable tax liabilities.
- If credits exceed liabilities, only the liability amount is settled; remaining credits can be claimed as a refund.
- No additional taxes or delay fines apply if the credit was valid and sufficient when the tax became payable.
- ETA will respond to settlement requests within 20 working days for audited years and within two months for unaudited years after starting the audit.
Source: taxathand.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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