Egypt Approves VAT Reforms Targeting Key Sectors

  • Egypt’s parliament passes VAT amendments covering construction, real estate, energy, tobacco, and alcohol
  • Reforms aim to broaden the tax base while keeping general VAT rates unchanged
  • Exemptions remain for essential goods and services to protect consumers
  • Measures promote fiscal sustainability and align with global tax standards
  • New rules include a 14% VAT on construction and location-based VAT for commercial real estate