VAT News

Egyptian VAT rate set at 13%

Earlier this week, the Egyptian government approved the introduction of VAT legislation in the country, and confirmed that the standard rate will be 13% for the fiscal year 2016-17. In 2017-18, this will rise to 14%.

Numerous exemptions are included within the legislation, but businesses entering into transactions in Egypt should ensure they are aware of any VAT obligations arising.

Related articles

South Dakota vs Wayfair Inc.

To combat the inequality, South Dakota brought a case against Wayfair Inc which said that even if the supplier had no physical nexus in the classic sense, they should still collect and remit sales tax on online sales, to level the playing field with suppliers who do have a nexus.

Read more
Russia-VAT rate increase

The Russian standard rate is to increase

Read more
Malta-VAT grouping

Multiple entities can now form VAT groups in Malta

Read more