- Egypt ratified Laws 149–152 of 2026, published on 28 July 2026 and effective from 29 July 2026, introducing major tax changes.
- Law 149/2026 expands the 5% VAT rate to more machinery, equipment, and medical devices used in production or services, excluding buses and passenger cars.
- It creates a new VAT suspension regime for capital equipment.
- It broadens the list of VAT-exempt goods and services.
- It improves VAT credit refunds by requiring refunds for balances outstanding over four tax periods, or just over three months for SMEs with turnover up to EGP 20 million.
Source: global.ecovis.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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