Egypt Publishes New VAT Return

The Egyptian tax authority has published the new value added tax (VAT) return (Arabic language) that must be filed in accordance with the new VAT Law ({News-2016-09-15/A/3- previous coverage}). Under the new law, which entered into force 8 September 2016 and repealed the sales tax law, the VAT period is monthly and returns are due within two months following the end of each period. To transition to VAT, sales tax payers that already met the new sales threshold for VAT (EGP 500,000) are autom…