The Egyptian Minister of Finance recently issued Decree 24/2023, which amended the Executive Regulations (“ER”) of the Value Added Tax Law. The new decree and the amendments to the VAT Law detail the Simplified Vendor Registration Regime (“SVRR”), which is aimed at making it simpler for non-residents to comply with VAT rules, cracking down on VAT evasion and thereby increasing tax revenues, and creating a level playing field for businesses in Egypt.
How do the recent changes to the VAT rules affect non-resident e-commerce businesses?
Our Cairo Team breaks it all down and answers that very question here.