Google to impose 14% VAT on services in Egypt starting July ...Egypt

Google has notified its users of imposing a 14 percent value-added tax on its electronic services in Egypt, starting July, in implementation of the Ministry of Finance’s decision to subject non-resident service providers to value-added tax. An official estimated that this tax would garner more than US$64 million in the first year, and rise gradually over the coming years. Finance Minister Mohamed Maait announced, in January, amendments to the executive regulations of the value-added tax law, to subject e-commerce transactions to tax through a simplified system, in accordance with international standards and requirements of foreign companies. Google will start collecting value-added tax on th

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