Egypt: Taxpayers must register their branches for VAT

30 December, 2023

On 27 December, the Egyptian Tax Authority announced in a release that all taxpayers who are required to register for VAT must also ensure that all of their branches are registered for VAT. Additionally, VAT registration certificates must be prominently displayed at both the head office and all branches. Failure to register all branches will result in penalties for tax evasion.

Africa & Middle East

Egypt

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Egypt extends tax dispute resolution process

December 17, 2024

The Egyptian Parliament introduced Law No. 160 of 2024 on 3 December 2024, ensuring the continued operation of the Dispute Resolution Committee (DRC), which will process ongoing cases and accept new dispute applications until 30 June 2025. The

Egypt implements new VAT rules for exported services

November 25, 2024

Egypt’s tax authorities issued Instruction No. 78 of 2024, which amends the criteria for applying the 0% value-added tax (VAT) on exported services under Circulars (5) and (6) of 2019. Instruction No. 78 repeals Circulars 5 and 6 of 2019, where

Egypt unveils tax incentives to simplify compliance, boost economic growth

October 24, 2024

Egypt’s Minister of Finance, Ahmed Kouchouk, during a press conference, unveiled a new package of tax incentives in an attempt to simplify tax procedures and enhance economic productivity on Wednesday, 11 September 2024. The incentives include

Egypt: House of Representatives approve income tax treaty with Oman

October 21, 2024

The Egyptian House of Representatives approved the ratification of the income tax treaty with Oman on 7 October 2024. Both countries apply the credit method for the elimination of double taxation. The agreement specifies that dividends,

European Commission to end anti-subsidy measures on woven, glass fibre fabrics imports from China, Egypt

September 23, 2024

The European Commission (EC) issued the Notice of the impending expiry of certain anti-subsidy measures in the Official Journal of the European Union (OJEU) on 17 September 2024 concerning the woven and stitched glass fibre fabrics imports from

Egypt simplifies tax environment for businesses

September 20, 2024

The Egyptian Ministry of Finance announced a series of initiatives aimed at improving the tax environment for businesses; introducing a simplified tax regime for businesses with a turnover of up to EGP 15 million, covering small businesses, sole