The Egyptian Tax Authority issued new rules in order to return the sales tax it mistakenly charged on exports within 3 months from the date of submitting the request, assuring the Authority’s efforts in encouraging Egyptian exports and increasing the competitiveness of Egyptian products in foreign markets.
To receive previously collected taxes, exporters shall declare that they exported such products. In addition, the Authority will first consider tax evasion cases or any other violations made by the exporter. Any dues owed by the exporter to the Tax Authority or any other body subsidiary to the Ministry of Finance will be first discounted from the exporter’s dues.
Submitting a bank transfer receipt verifying the exporting process is a must, the Ministry of Finance affirmed. If fraudulent transactions are proven, the exporter will be convicted of tax evasion.
