VAT Calculator Egypt | Standard VAT Rate is 14%
The standard VAT Rate in Egypt is 14%. Now you can calculate the vat bill with our Egypt calculator.
VAT Calculator Egypt
Are you trying to figure out VAT in Egypt efficiently and speedily? If you’re a business owner or accountant, or a an individual, understanding the VAT system in Egypt is crucial. The tax rate for VAT for Egypt stands at 14 percent and our simple-to-use VAT calculator for Egypt makes it easy to complete all tax calculations.
Current VAT Rate in Egypt
- Standard VAT Rate: 14%
- The rate previously applied was 10.5% (on certain products and services that are still subject to the transitional rules)
- Tax Rates Reduced: Vary from 5 to 100 percent for certain goods such as alcohol, tobacco, soap and luxurious cars.
- VAT law: Egypt shifted from General Sales Tax to VAT under Law No. 67 of 2016
Although 14% is the standard rate for the government Some special or transitional products remain subject to various tax structures, including excise (Schedule) tax
How to Use the Egypt VAT Calculator
VAT Calculation Formulas in Egypt
To Add VAT (Calculate Gross Price)
Formula:
VAT Amount = (Original Price x VAT%) / 100 Net Price = Original Price + VAT Amount To Remove VAT (Find Base Price)
VAT Amount = Original Price - (Original Price x (100 / (100 + VAT %))) Net Price = Original Price - VAT Amount Example: VAT Calculation in Egypt (at 10%)
Let’s assume that the tax rate is 10 percent (used in this instance for demonstration purposes) The basic amount of $45,000 EGP.
Add VAT:
VAT = (45,000 x 10%) = 4,500 EGP Total Price = 45,000 + 4,500 = 49,500 EGP Remove VAT:
VAT = 45,000 - (45,000 x (100 / 110)) = 45,000 - 40,500 = 4,500 EGP Base Price = 45,000 - 4,500 = 40,500 EGP Note update to 14% when appropriate based on the item or service that is taxed.
Excise (Schedule) Tax in Egypt
Egypt also has a schedule (Excise) tax on a few items of the Law of 67/2016 which includes:
- Processed Potatoes
- Construction-Related Services
- Professional Services
- Tobacco, alcohol, soft drinks
- Certain machinery and cars
Taxes like this are added to or in lieu of the standard VAT in certain cases and the rates can be all the way to 100 100%.
VAT-Exempt Goods and Services in Egypt
Following items qualify as not subject to VAT or reduced in accordance with Egyptian VAT laws:
- Tea, milk, sugar,
- Medical and pharmaceutical services
- Services for research and education
- Utilities include water and electricity.
- Financial services (e.g., banking)
- Real estate sales and lease for long-term
- Exports
- Radio and public television
Always verify with The Egyptian Tax Authority (ETA) for updated exemption lists.
| Tax Rates | Year |
| 10% | 2010 |
| 10% | 2012 |
| 10% | 2014 |
| 13% | 2016 |
| 14% | 2018 |
| 14% | 2020 |
Since the year 2018 in 2018, the official rate of VAT has been 14 In 2018, the official VAT rate was 14 % However, legacy sales tax (GST) structures could apply to specific products or segments.
FAQs About VAT in Egypt
Q: What is the normal TVA rate of Egypt?
A: As of 2024 the standard VAT rate in Egypt is 14%..
Q Do you have different tax rates for VAT in Egypt?
A: Yes, reduced or excise rates are applicable to items such as alcohol, tobacco, soap and automobiles, ranging from five percent to 100 percent.
Q: Can I calculate VAT manually?
A: Yes! Make use of our formulas below or just utilize the Egypt VAT Calculator to cut down on time and avoid a lot of mistakes.
Conclusion
It is important to understand that the Egyptian tax system is changing, and includes the standard 14 percent rate as well as additional taxation for certain services and goods. When you’re purchasing products import, providing expert services, it’s important to accurately calculate your VAT.
Utilize the Tax Calculator to calculate VAT for Egypt to perform rapid, reliable, and precise tax calculationsthere’s no need to guess or make manual mistakes!
