Egypt VAT Calculator

Egypt General sales tax (GSP) rate is 10%. Sales tax rate is applicable for the purchase of certain goods and services. Egypt is currently on a shift move to implement the VAT regime by replacing the existing General Sales tax. The standard rate is 10 % and a reduced rate varies from 5 to 100 % for various products a like alcohol, coffee, soap, tobacco, etc.,

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Egypt General sales tax (GSP) rate is 10%. Sales tax rate is applicable for the purchase of certain goods and services. Egypt is currently on a shift move to implement the VAT regime by replacing the existing General Sales tax. The standard rate is 10 % and a reduced rate varies from 5 to 100 % for various products a like alcohol, coffee, soap, tobacco, etc.,

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

Currently, GSP rate for the goods like alcoholic beverages, cigarettes and cars are higher. VAT taxation system is currently to take part the sales tax currently imposed on 17 goods and services.

Example

Find the VAT price and net price in Egypt (GST % is 10) for an amount of 25000 £

Add Tax

Solution :
GST % = 10
Amount = 25000

Step 1 :
GST Price = (25000 * 10 ) / 100
     = 2500 £

Step 2 :
Net Price = 25000 + 2500
     = 27500 £

Hence the VAT Price is 2500 £ and Net Price is 27500 £

Remove Tax

Solution :
GST % = 10
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 10)))
                 = 25000 - (25000 * 0.91)
                 = 25000 - 22727.27
                 = 25000 - 22727.27
GST Price = 2272.73 £

Step 2 :
Net Price = 25000 - 2272.73
                = 22727.27 £

Hence the VAT Price is 2272.73 £ and Net Price is 22727.27 £

Currently, GSP rate for the goods like alcoholic beverages, cigarettes and cars are higher. VAT taxation system is currently to take part the sales tax currently imposed on 17 goods and services.


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