ZATCA Guidance on Deemed Supplier Obligations The Zakat, Tax and Customs Authority (ZATCA) has issued updated guidance following amendments to Article (47) of the VAT Implementing Regulations, clarifying the VAT treatment of electronic marketplaces operating in Saudi Arabia. While most amendments became effective on April 18, 2025, the provision under Article 47.3, relating to marketplaces facilitating supplies for non-VAT registered resident suppliers, applies to supplies wh

In today’s rapidly evolving economic environment, tax has become a central pillar of responsible and sustainable business management across Egypt and the broader MENA region. As regulatory frameworks modernize and cross-border operations expand, organizations of every size now face tax obligations that directly influence financial stability, competitiveness, and long-term growth. Across the region, we see a clear pattern: whether a startup, a family enterprise, a mid-sized co

For many business leaders, the annual financial audit is essential for transparency and investor confidence. Yet an equally critical process is often overlooked: the tax review. financial audit While a financial audit validates your financial statements, a tax review evaluates the accuracy, compliance, and efficiency of your tax position. In an evolving regulatory environment, this proactive review is no longer optional — it’s essential. A well-structured tax review helps bus

Before you sign off on your 2025 financial statements, ask yourself one critical question: Would they still stand up if your assumptions were challenged tomorrow? Year-end reporting is no longer a routine close. For 31 December 2025, financial statements are being tested by uncertainty, judgment, and transparency more than ever before. What should clients focus on this year-end? 1️⃣ Uncertainty must be visible Geopolitical risks, tariffs, climate exposure, and market volatili

January 2026 is closer than you think, are you ready? A new UAE Cabinet Decision introduces the reverse charge mechanism for scrap metal transactions, redefining VAT compliance for registered businesses across the supply chain. As part of the UAE’s ongoing efforts to enhance tax efficiency and reduce administrative friction, the UAE Ministry of Finance has issued Cabinet Decision No. 153 of 2025, introducing the reverse charge mechanism (RCM) on the local supply of scrap meta

Over the past few years, Egypt has enacted several business-friendly laws and regulations mainly dedicated to micro, small and medium-sized businesses (MSMEs1),  as well as informal economy projects.  These changes are reflecting the Egyptian government’s effort to  legalize all forms of businesses and increase their tax contributions that are currently much needed, and bring them into Egypt’s formal business economy. A prime example of these new laws is the New Micro, Small,

A new mechanism issued by the Egyptian Tax Authority (Instruction No. 46 of 2025) now enables taxpayers to offset their credit balances directly against outstanding tax liabilities, without entering the refund cycle, this change follows an advisory opinion from the State Council affirming taxpayers’ right to apply VAT credit balances against debit balances and provides a practical framework for implementation. What Has Changed? Taxpayers may now submit a request to apply cred

Egypt’s corporate legal environment is witnessing an unprecedented evolution, driven by legislative modernization, rapid digitization, and heightened investor expectations. As organizations expand operations, attract strategic capital, and navigate complex regulatory frameworks, demand for corporate legal services has surged across industries. Leading legal advisory firms are at the forefront of this transformation, offering integrated regulatory, commercial, and compliance s

In an era of rapid technological advancement, evolving regulatory requirements, and shifting economic conditions, the audit and tax industry is undergoing a significant transformation. Businesses today need more than just compliance—they need strategic guidance to navigate complexity and drive growth. Emerging Trends in Audit & Tax 1. Digital Transformation & Automation Technology is revolutionizing the way audits and tax services are performed. AI-driven analytics, blockchai

Egypt advances toward a simplified, business-friendly tax environment for SMEs. Integrated digital systems and AI-enabled platforms reduce compliance burdens and enhance transparency. New 2026 tax facilitation packages are set to reshape Egypt’s digital and investment landscape. Green finance, sustainable growth, and rising international investment reinforce economic stability. 1. A Transformational Shift in Egypt’s SME Tax Framework Egypt continues to implement major tax ref

Why Tax Compliance Matters — Now More Than Ever In today’s evolving regulatory environment, tax compliance is more than just meeting deadlines. It’s about safeguarding your business reputation, avoiding penalties, and maintaining financial health. Here’s what’s at stake: Legal Compliance   Submitting your income tax return correctly and on time helps you stay in good standing with the Egyptian Tax Authority — a key requirement for licensing, tenders, and audits. Avoiding Pena

Egypt’s taxation landscape is witnessing one of its most comprehensive transformations in recent years. Following the introduction of Law No. 157 of 2025 and Ministerial Decree No. 418 of 2025, the treatment of Value Added Tax (VAT) for construction and contracting activities has undergone a fundamental reform, designed to enhance transparency, compliance, and digital integration across the sector. These changes represent a strategic step in Egypt’s ongoing journey toward a m

For many business leaders, the annual financial audit is seen as a must—essential for transparency, investor confidence, and regulatory compliance. But an equally important process is often neglected or misunderstood: the tax review. Just as a financial audit assesses the accuracy and integrity of your financial statements, a tax review evaluates the strength, compliance, and efficiency of your tax position. And in today’s regulatory environment, where tax laws are constantly

The Zakat, Tax and Customs Authority (ZATCA) has extended the “Cancellation of Fines and Exemption of Financial Penalties” initiative until 31 December 2025. The extension gives businesses an additional six months to regularize their tax status and settle outstanding obligations. The initiative covers CIT, WHT, VAT, Excise Tax, and Real Estate Transaction Tax. Fines related to tax evasion or paid before the initiative are excluded. Installment plans approved by ZATCA remain e

In today’s increasingly regulated and competitive business landscape, transparency and trust are essential currency. For Egyptian businesses—whether privately owned, listed, or part of a multinational group—financial integrity is not just a regulatory requirement but a strategic necessity. This is where audit services and assurance services come in. While the terms are often used interchangeably, there are significant differences between them. Understanding what each entails

Labor Law No. 14 of 2025 became effective on September 1, 2025, replacing all previous labor laws. The reform introduces minimum wage...

In today’s dynamic economic environment, taxation services have become a cornerstone for businesses of all sizes across Egypt and the...

A new international study shows that strong audit quality boosts segment disclosure in Egypt. Joint audits and gender-diverse boards...

While ownership structures often receive the most attention, the core difference between traditional partnership-based firms like the...

Over the past decade, Egypt’s business environment has experienced a quiet yet powerful transformation—one marked not only by fiscal...