- Egypt implements new VAT rules for exported services
- Instruction No. 78 of 2024 amends criteria for applying 0% VAT on exported services
- Circulars 5 and 6 of 2019 are repealed
- Services with benefits received outside Egypt eligible for 0% VAT rate
- Services with benefits realised in Egypt subject to standard VAT rate of 14%
- Change aims to alleviate tax burden on exported services
- New ruling effective from 17 November 2024
- VAT or scheduled tax collected before effective date must still be remitted to ETA within standard deadlines
Source: regfollower.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.
