Facebook to charge 18% VAT on Egypt-based advertisers not registered for VAT

Facebook has announced that Egypt-based advertisers without a valid VAT identification number will be charged an increased 18% rate of VAT, Think Marketing reports. VAT, which was introduced in Egypt in FY2016-17, is currently at 14%. The Finance Ministry is working to issue a law on taxing e-commerce, including imposing taxes on social media ads.