{"id":671995,"date":"2025-09-17T00:00:00","date_gmt":"2025-09-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/17\/following-objections-govt-exempts-foreign-crude-suppliers-from-registering-with-eta\/"},"modified":"2025-09-17T00:00:00","modified_gmt":"2025-09-17T00:00:00","slug":"following-objections-govt-exempts-foreign-crude-suppliers-from-registering-with-eta","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/17\/following-objections-govt-exempts-foreign-crude-suppliers-from-registering-with-eta\/","title":{"rendered":"Following objections, gov\u2019t exempts foreign crude suppliers from registering with ETA"},"content":{"rendered":"

Gov\u2019t scraps plan to register foreign crude suppliers <\/strong>ahead of implementing recent VAT amendments that would see them face a 10% tax, three government sources told EnterpriseAM. The move aims to keep them happy and keep their investments flowing.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

BACKGROUND-<\/strong> The Finance Ministry had been looking into<\/a> registering crude oil suppliers under the simplified system with the Egyptian Tax Authority (ETA) in the foreign suppliers registry, which would have allowed for reverse tax charging. This was met with complaints<\/a> from foreign firms, who noted that registration with the Egyptian tax system is not stipulated in their agreements, seeing as petroleum agreements follow a standalone legal framework, distinct from local laws. <\/p>\n

How it will work: <\/strong>Foreign firms will be exempt from e-invoicing; instead, they will submit a simplified request and a declaration of the quantities supplied to the Egyptian General Petroleum Corporation (EGPC).<\/p>\n

It will all fall to the EGPC <\/strong>\u2014 Egypt\u2019s sole buyer of crude \u2014 to calculate, pay, and remit the VAT, as well as settling any penalties or late fees, the sources told us. <\/p>\n

Stay tuned for the executive regulations: <\/strong>The mechanism will be detailed in the upcoming executive regulations for the amended VAT Act, which will be out within the coming days, the sources said. <\/p>\n

It\u2019s all about keeping FDI flowing:<\/strong> The move aims to attract more foreign players to the country\u2019s petroleum sector, the sources told us.<\/p>\n

REFRESHER-<\/strong> President Abdel Fattah El Sisi in July ratified<\/a> VAT amendments, which are estimated to help the government bring in an additional EGP 200 bn in tax revenues. These amendments introduce a new tax treatment for crude oil \u2014 making it subject to a 10% tax.<\/p>\n

ALSO IMPACTED BY THE VAT AMENDMENTS- <\/p>\n

The VAT amendments also impact construction and contracting services<\/strong>, making them subject to the standard 14% VAT rate. The move resolved a long-standing issue affecting construction firms \u2014 under the previous VAT system supply and installation services were taxed at a flat 5% schedule rate without allowing companies to deduct input VAT.<\/p>\n

The details: <\/strong>Under the amendments, the 14% VAT rate will apply only to new contracts signed after the law\u2019s issuance, a government source told EnterpriseAM. Ongoing contracts signed before the law went into effect will continue to be taxed at the old 5% rate and contractors will not be allowed to deduct input VAT for these pre-existing contracts, the source added. During the transition period, the tax will be collected based on the contract date \u2014 not the payment date \u2014 to account for the sector\u2019s staggered payment structure.<\/p>\n

DATA POINT-<\/strong> The Finance Ministry aims to collect some EGP 6 bn from the updated tax treatment for construction activity in the current fiscal year, according to the source.<\/p>\n

THERE\u2019S MORE TO THE STORY-<\/strong> We dove into what the new VAT rules mean for contractors in a Hardhat published earlier this year. Check it out here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The moves comes following objections from foreign suppliers<\/p>\n","protected":false},"author":1,"featured_media":671996,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7382],"tags":[93,72,276,91,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-671995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax","tag-energy","tag-enterpriseam","tag-finance-ministry","tag-oil-and-gas","tag-tax","wpautop","entry"],"acf":{"mongo_id":"13afe167-8817-4d67-8e6f-e47986445423","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/766.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Following 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"Tax"","block_context":{"text":"Tax","link":"https:\/\/enterpriseam.com\/egypt\/category\/tax\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1760.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596260,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/global-slowdown-could-hit-economic-growth-sources\/","url_meta":{"origin":671995,"position":3},"title":"Global slowdown could hit economic growth -sources","author":"enterpriseam admin","date":"22 August 2019","format":false,"excerpt":"EXCLUSIVE- Global slowdown could hit economic growth -sources: The Finance Ministry could revise down its growth projections to 6% from 6.5% due to the global economic slowdown, two government sources told us. The budget factored in average global growth at 3.3%, but this looks increasingly unlikely as global conditions continue\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573879,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/egypt-looks-to-get-its-taxes-up-front-from-private-sector-suppliers-contractors\/","url_meta":{"origin":671995,"position":4},"title":"Egypt looks to get its taxes up front from private sector suppliers + contractors","author":"enterpriseam admin","date":"23 August 2020","format":false,"excerpt":"REGULATION WATCH- Gov\u2019t looks to get its taxes up front from private sector suppliers + contractors: All government bodies will now deduct and remit a portion of VAT and schedule tax from any contracts they have with private sector vendors ahead of payment under a Tax Authority directive, according to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569206,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/17\/egypts-finmin-directs-state-coffers-to-only-pay-suppliers-who-pay-their-taxes\/","url_meta":{"origin":671995,"position":5},"title":"Egypt\u2019s FinMin directs state coffers to only pay suppliers who pay their taxes","author":"enterpriseam admin","date":"17 February 2020","format":false,"excerpt":"FinMin directs state coffers to only pay suppliers who pay their taxes: Finance Minister Mohamed Maait has ordered state auditors to ensure that only suppliers who regularly pay their taxes are paid for any goods and services delivered to state bodies, according to a circular seen by the press. Suppliers\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=671995"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671995\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/671984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/671996"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=671995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=671995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=671995"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=671995"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=671995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}