Economy

Mokhtar Tawfiq: The Ministry of Finance and the Department are keen to implement the necessary procedures that would facilitate tax refunds for non-resident departing tourists.

Fathi Al-Sayeh

8228632591447542 “Mokhtar Tawfik, Head of the Egyptian Tax Authority” confirmed the The Ministry of Finance and the Department is keen to implement the necessary measures that would facilitate tax refunds for non-resident departing tourists, encourage the investment process, promote the local economy, and activate the buying and selling movement in the local market, adding that this comes as a framework for preparing for the work of the Conference of the Parties to the United Nations Convention on Climate Change in its seventh session. The twenty (cop 391) which will be hosted by Egypt during the coming month of November

And “Mukhtar Tawfiq” clarified that the foreign visitors leaving the country have the right to recover the value added tax on their purchases, after the availability of several conditions, which are that the period of their stay does not exceed three months, and the value of the purchases should not be less than the invoice or receipt One for 1500 Egyptian pounds, as well as for their purchases to be taken out with them, noting that the value-added tax is refunded in foreign currency from Through the foreign bank card of the departures.

With regard to the steps to refund the value-added tax for the departing visitor, “Mukhtar Tawfiq” said that The visitor must go to one of the shops registered with the Egyptian Tax Authority to purchase the item, and obtain the purchase invoice/receipt showing a detailed description of the purchased goods in terms of type, number and value, and clarifying the value-added tax in a separate item and the total price inclusive of tax. Recording the passport number on the invoice/receipt data, indicating that upon departure the purchases are presented to the responsible customs officer at the customs port to inspect the purchased goods and match them on the response form and approve the purchase invoices, so that the value-added tax in foreign currency is refunded through the foreign bank card of the departure.

“Mokhtar Tawfiq” indicated that the Egyptian Tax Authority issued Decision No. ( ) for the year 2022, which addresses the financiers or taxpayers located in the geographical scope of the city of Sharm El-Sheikh by issuing z receipts Electronic taxation on the electronic receipt system in the actual operating environment, whether they practice their activities through a main center or branch, within the framework of the procedures taken by the authority to facilitate tax refund procedures for non-resident departing tourists.