- Egypt enacted new VAT measures effective July 29, 2026, including reduced VAT on certain medical devices, faster VAT refunds, broader exemptions for transit and financial services, and VAT/schedule tax changes for natural gas, certain business premises rentals, gypsum, soap, and household detergents.
- The unified tax procedures law now requires accounting records to be kept regardless of turnover and permits temporary tax cards to help businesses with establishment and licensing.
- Income tax changes include a shorter bad debt deduction period, deduction for the solidarity contribution, relief for infrastructure project financing, repeal of capital gains tax on listed shares, measures to reduce dividend double taxation, and incentives for certain large stock exchange offerings.
- Tax dispute settlement committees are extended through December 31, 2026, to continue handling both existing and new requests.
- Stamp tax on sales of securities listed on the Egyptian Exchange is reintroduced, while the resident exemption is repealed; additional laws also impose a departure fee on individuals leaving Egypt and a production fee on cement manufacturers.
Source: kpmg.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.
