The article provides you with all you need to know about the Egyptian tax system applicable to sales of electronic stores, and how sales taxes are accounted for for in Egypt
the vast majority of entrepreneurs turn to e-commerce to launch their pilot projects at the same time granting them independence and rapid profit, but they find it difficult to know and understand matters relating to the tax aspect and how to calculate (e-market sales taxes) in egypt, with most of them not having sufficient knowledge of the sales tax system and its business mechanism for their electronic commerce.
if you're interested in launching an electronic store in egypt, it's for you, and you'll find your mistress about all you need to know about the egyptian tax system that will be applied to sales of your free electronic store, and how these taxes are charged to your sales in detail.
are your sales in egypt subject to the tax system?
the increase in e-commerce activity and the high volume of investments in e-markets in the egyptian market, particularly after the corona pandemic, have led to the emergence of a free and full-scale commercial sector that is not subject to any tax system; the egyptian tax service has paid the owners of these shops to open their tax files with a view to legalizing their business activity within egypt.
that is, sales of your electronic store in egypt are subject to the tax system, most notably value-added tax and income tax
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how to calculate sales taxes in egypt?
the egyptian tax service merged the formal economic sector with the informal sectors with a view to unifying the tax system applied and achieving the principle of tax justice among all sectors; it established a specialized unit on e-commerce.
at the outset, it is important to learn about the concept of e-commerce taxes intended for taxes levied by the government of egypt on all online business activities in order to measure the number of workers in this area and to determine the value of the amounts that they have to pay annually.
tax reports in egypt are divided into three types:
- annual income value
- costs and expenses
- net profit
taxes on sales of the electronic store in egypt are calculated according to net annual profits and not annual income. the tax value of the tax is fully borne by the owner of the store. the value added tax is borne by the consumer by its imposition on certain goods and services by 14% and is calculated according to the following formula:
add tax value = end product price x 14%.
see also: [how to calculate taxes on sales in egypt in detail (laws and regulations)] (https://trinavo.com/%d8%b6%d8%b1%d8%a7%d8%8%8%d8%8%8%d98%d9%8%d8%d8%8%d8%8%8%8%d%8%8%8%d%8%8%d%8%8%d%8%d%8%8%d%8%8%d%8%8%8%8%d%d%8%d%8%8%8%8%d%8%8%8%8%d%d%8%8%d%d%d%d%8%8%8%8%8%8%d%d%d%8%8%8%d%d%8%8%d%8%8%8%8%8%8%d%d%d%8%d%d%8%8%8%d%8%8%8%d%d%8%d%d%8%8%8%
the importance of taxing sales of your electronic store in egypt
when you understand the concept of taxes and how to calculate these taxes on sales of your electronic store in egypt, you have to do so in a number of benefits:
- creating jobs and attracting new consumers
- elimination of unfair competition
- protection against fraud, deception and electronic fraud.
see also: [comprehensive evidence of the establishment of a free electronic store in egypt] (https://trinavo.com/category/%d8%d9%84%d9%8%d8%8%d8%8%d8%b8%d8%8%d8%8%d8%8%d8%8%8%d8%8%8%8%d8%d8%9%d%8b%d8%9%d8b%d%8%d%8bd%8%8bd%9%8b%d%d%8%d%8%8%8bd8%8%8%8%8b%d%d8%d%d8%d8%d%d%8%8bd8%8%d%8%8bd%d%8%d%8%8%8bd%8%8%8%8%8%8%d%d8%d%d%d%8%8%8%8%d%d%8bd%d%8bd%8%d%8%8%8%
how can taxes on my electronic store be legally reduced in egypt?
a lot of e-marketers are trying to reduce taxes on their sales, and in this paragraph we suggest you have the most important three cases to help you reduce what you have to pay for your electronic store sales.
:: possession of an electronic commerce of less than 500,000 egyptian pounds. - non-bank financial services institutions controlled by the financial oversight authority. :: institutions engaged in the construction and operation of places of worship, educational and training services and scientific research, free radio and television services or library services provided by public libraries.
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after you've identified the egyptian tax system on electronic stores, do you have any obstacle to the design of an electronic store in egypt.