Egypt aims to raise ratio of taxes to GDP without overburdening citizens: minister ...Egypt

Egypt aims to raise the ratio of taxes to the gross domestic product in accordance with international standards, Finance Minister Mohamed Maait said, without imposing new burdens on citizens by expanding automated tax solutions aimed at integrating the informal economy into the formal economy. It also seeks to define the tax community more precisely to achieve tax justice and establish the foundations of fair competitiveness in the Egyptian market, he added. According to the minister, the development of local resources aims to enhance the government’s ability to improve the lives of citizens, the services provided to them, contain global economic shocks resulting from the repercussions of

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