- The Egyptian Tax Authority (ETA) issued new rules (Instruction No. 46 of 2025) allowing registered taxpayers to offset credit balances, including VAT, against outstanding tax liabilities without formal refund procedures.
- Taxpayers must submit Form No. 1 Offset, and the ETA will process requests within 20 working days for audited cases and two months for unaudited cases.
- The offset applies only to final, undisputed credit balances; any excess credit can be claimed through a standard refund.
- No additional taxes or penalties will apply if the credit was valid and sufficient when the liability arose.
- The new rules aim to simplify tax compliance, support investment, and improve business liquidity.
Source: regfollower.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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