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Egypt amends VAT law to expand tax scope, hitting construction, crude oil, cigarettes, and alcohol.
Egypt's Tax Authority has amended the VAT law to broaden the tax base without changing the general VAT rate or exemptions on essential goods, healthcare, and education.
Changes include applying the standard VAT rate to construction, taxing administrative units in commercial spaces at 1%, and imposing a 10% tax on crude oil.
The amendments also increase cigarette taxes and introduce new taxes on alcoholic beverages, aligning with international standards.
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Egipto modifica la ley del IVA para ampliar el alcance del impuesto, afectando a la construcción, el petróleo crudo, los cigarrillos y el alcohol.