Daily News Egypt

Egypt’s bloggers, vloggers asked to register for income tax - Daily News Egypt

Advertising Area

Advertising Area

Egypt’s bloggers, vloggers asked to register for income tax

Tax Authority calls on content creators whose revenues reach EGP 500k per year since online debut to register for VAT


Chairperson of the Egyptian Tax Authority (ETA), Reda Abdel Qader, has announced that all online content creators (bloggers and vloggers) working in the country, are required to register for income tax.

In a statement on Saturday, ETA added that online content creators whose revenues reached EGP 500,000 per year since their online debut are also required to register for the value-added tax (VAT).

Abdel Qader said that ETA allocated hotline 16395 to receive inquiries related to taxation of e-commerce and online content creation activities.

The authority also demanded individuals and companies that use social media networks for e-commerce to register for income tax and VAT – in case their revenues reached EGP 500,000 per year – in accordance with the law. 

There are three types of companies that engage in e-commerce activity: First, companies use e-commerce as one of the various means of sale or distribution. Second, companies depend mainly on electronic means in selling and distributing their products and services. Third, companies use digital platforms to promote products of other companies to customers.

Moreover, all companies that engage in commercial or non-commercial (free professions) activities are subject to income tax according to Law 91 of 2005.

Advertising Area

https://dailyfeed.dailynewsegypt.com/2021/09/25/egypts-bloggers-vloggers-asked-to-register-for-income-tax/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe