- Egypt’s second tax facilitation package aims to simplify tax compliance, broaden the tax base, and foster trust between the Tax Authority and businesses.
- Key features include a White List for high-compliance taxpayers and an Excellence Card offering priority tax services and benefits.
- VAT refund processes will be streamlined, with White List members receiving refunds within one week; VAT refund volumes have already increased significantly.
- Additional VAT reforms: removal of VAT on transit goods and related services, reduction of VAT on medical devices from 14% to 5%, exemptions for dialysis machine components, and a four-year VAT suspension on certain equipment.
- The package supports public health, eases financial pressure on key sectors, and aligns tax policy with economic and social goals.
Source: vatabout.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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