Is Egypt’s GST indirect tax GST?
GST or GST?
GST or otherwise know as ‘Goods and Service Tax’ is almost identical to VAT and as far as configuring this in an Oracle R12 or Oracle Fusion instance, it may as well be. However don’t be fooled by Egypt’s GST as it actually stands for ‘General Sales Tax’ and this is set up differently in Oracle, primarily there is no tax to recover.
Hopefully the plans to move to a VAT for Egypt will continue to evolve but no confirmation on this as yet.