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Egypt adjusts VAT rates, applying higher taxes to construction and oil to fund human development projects.
Egypt's Tax Authority has made changes to the VAT to increase revenue for human development projects.
The adjustments include applying the standard VAT rate to the construction sector instead of a 5% rate, and introducing a 1% tax on shops and administrative units in commercial centers.
A 10% tax on crude oil has been added, but domestic petroleum product prices will remain unchanged.
Essential goods and services like food, healthcare, and education are still exempt from VAT.
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Egipto ajusta los tipos de IVA, aplicando impuestos más altos a la construcción y al petróleo para financiar proyectos de desarrollo humano.