Egypt establishes value-added tax refund company for foreign visitors

CAIRO - 15 September 2022: The Egyptian Cabinet approved ًWednesday the proposal of the Ministry of Finance to establish an Egyptian joint stock company, under the name of "Global Blue Egypt Company".

 

The company will be established with the participation of “Global Blue Public Limited” and “Global Blue Holland Private Limited”.

 

The aim of the company is to implement the value-added tax refund system for foreign visitors leaving the country.

 

The government statement stated that the decision is in implementation of the provisions of the Value Added Tax Law promulgated by Law No. 67 of 2016, and amended by Law No. 3 of 2022, within the framework of Egypt’s Vision 2030, the digital transformation strategy of the Egyptian state, and efforts to promote tourism and external shopping, and a specialized committee will handle all technical matters.