VAT Calculator Egypt [ Standard Rate in Egypt is 10% ]
The standard VAT Rate in Egypt is 10%. Now you can calculate the vat bill with our Egypt calculator.
At present, the standard rate of VAT applicable in Egypt is 10%. This rate of Sales Tax is applied when certain products and services are brought. To implement the indirect Value-Added-Tax (VAT), Egypt is shifting from the General Sales Tax that is applicable there at present.
However, Egypt has reduced VAT rates too for certain products like tobacco, coffee, alcohol, soap, etc. Moreover, the reduced rates vary from 5% to 100%. The GSP Rates are higher for some products, for instance, cars, beverages (alcohol), and cars.
There are currently 17 products and services on which sales tax is imposed, and a VAT Taxation System is yet to take part.
Vat Calculator Egypt
- Select your country; the vat calculator will automatically detect the updated Egypt vat rate
- Enter the amount
- Add Tax or Remove Tax
- Press the calculate button to see the result
How to calculate vat in Egypt
Formula:
Add Tax
Tax Amount = ( Original Cost * VAT% ) / 100
Net Price = Original Cost + Tax Amount
Remove Tax
Tax Amount = Original Cost – ( Original Cost * ( 100 / ( 100 + VAT% ) ) )
Net Price = Original Cost – Tax Amount
Example
Find the VAT price and net price in Egypt (GST % is 10) for an amount of 45000 £
Add Tax
Solution :
GST % = 10
Amount = 45000
Step 1 :
GST Price = (45000 * 10 ) / 100
= 4500 £
Step 2 :
Net Price = 45000 + 4500
= 49500 £
Hence the VAT Price is 4500 £ and the Net Price is 49500 £
Remove Tax
Solution :
GST % = 10
Amount = 45000
Step 1 :
GST Price = 45000 – (45000 * ( 100 / (100 + 10)))
= 45000 – (45000 * 0.90)
= 45000 – 40500
GST Price = 4500 £
Step 2 :
Net Price = 45000 – 4500
= 40500 £
Hence the VAT Price is 4500 £ and the Net Price is 40500£
Excise Taxes of Egypt:
In the year 2016, under VAT Law no. 67, Egypt got introduced the Excise Tax for the first time as a Special Tax applied to certain goods and services. Excise Tax is also called Schedule Tax or Table Tax. It is applied only to some goods and services listed, such as Processed Potatoes, Professional Services, and Services related to Construction.
History of Egyptian VAT:
It is important to realize that Egypt is the Middle East’s Highest populated nation with a population of over 90 Million and beats out its closest competition Iran in population by 15 Million. Significantly, Egypt has recently made some changes to the Structure of Income Tax and Value-Added Tax (VAT). In September 2016, Egypt replaced Sales Tax and introduced VAT. Summary of the history of Tax Rates in Egypt is as follows:
| Tax Rates | Year |
| 10% | 2010 |
| 10% | 2012 |
| 10% | 2014 |
| 13% | 2016 |
| 14% | 2018 |
| 14% | 2020 |
Goods and Services Exempted from VAT in Egypt:
Products and Services that are either exempted from VAT or zero-rated in Egypt are:
- Tea
- Milk
- Sugar
- Utilities
- Health Services
- Banking Services
- Medicines
- Basic Commodities
- Exports
- Education
- Research Services
- Real Estate Sale/Lease
- Free Television and Broadcast Radio
Also check Indonesia VAT Calculator.
FAQs:
Q: What is the VAT Rate in Egypt?
VAT is charged in Egypt at the standard rate of 10%.
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