Egypt Reveals First Phase of New Tax Relief Measures ...Egypt

Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk held a press conference on Wednesday, 11 September, to unveil a new comprehensive package of tax relief measures designed to attract investors. Minister Kouchouk highlighted that the Ministry has carefully examined the actual challenges faced by investors, and the new decisions demonstrate our commitment to addressing the needs of our partners in the tax community. What Are the New Tax Relief Measures? The new tax relief measures introduce a simplified and comprehensive tax system for small and micro enterprises with annual revenues up to EGP 15 million. This system will benefit a range of individuals including entrepreneurs

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