{"id":543441,"date":"2022-02-01T04:01:08","date_gmt":"2022-02-01T04:01:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/vat-changes-are-official-as-el-sisi-signs-four-bills-into-law\/"},"modified":"2022-02-01T04:01:08","modified_gmt":"2022-02-01T04:01:08","slug":"vat-changes-are-official-as-el-sisi-signs-four-bills-into-law","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/vat-changes-are-official-as-el-sisi-signs-four-bills-into-law\/","title":{"rendered":"VAT changes are official as El Sisi signs four bills into law"},"content":{"rendered":"

<\/a> President Abdel Fattah El Sisi yesterday ratified amendments to the VAT <\/strong>and the Stamp Tax laws<\/strong> alongside several other pieces of legislation, per an announcement in the official gazette (pdf)<\/a>.<\/strong><\/p>\n

How are <\/strong>VAT and stamp tax changing? <\/strong>The new legislation changes up the tax treatment for a handful of services and products. Under the amendments, fully-finished \u201cbroadcast\u201d advertisements \u2014 advertisements on TV, radio, outdoor billboards and the interwebs \u2014 will be subject to 14% VAT, replacing the 20% stamp tax to which they were previously subject; and stamp tax on most ins. premiums would be raised by 1%. We have more on the amendments to both laws, which were approved by the House of Representatives late last year, here<\/a> and here<\/a>.<\/p>\n

More legislation ratified by El Sisi yesterday:<\/strong><\/p>\n