Egypt Tax Agency Issues Guidance on VAT Treatment of Exported Services

The Egyptian Tax Authority Dec. 1 issued guidance on the VAT treatment of exported services. The guidance includes that: 1) remote business-to-business services provided by resident companies to nonresident customers are subject to a zero-rated VAT, except for services related to real estate in Egypt or services requiring the physical presence of both parties in Egypt; 2) the exported service is taxed at the location of the nonresident customer; 3) exported services must be supported by a written contract, an electronic invoice with full details, and proof of payment; and 4) service providers are eligible for input VAT refunds on ...