- Egyptian Tax Authority applied amendments to VAT to expand the tax base
- Amendments aim to reinforce funding for human development programs
- Exemptions for food, health, and education services remain unchanged
- Contracting activities now subject to general tax rate instead of 5 percent schedule tax
- Taxes paid on production inputs can be deducted
- Shops and administrative units in non-commercial locations remain exempt
- Units in malls and commercial centers subject to 1 percent tax on sales or rental value
- 10 percent schedule tax imposed on crude oil
- Prices of local petroleum products remain unaffected as EGPC absorbs the cost increase
Source: zawya.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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