Amendments to income tax aim to relieve burden on citizens, assures Egypt’s Finance Minister ...Egypt

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Egyptian Finance Minister Mohamed Maait said that amendments to the income tax law, approved by the Cabinet and referred to the House of Representatives, are aimed at alleviating the burden on citizens and stimulating investments. The minister referred to the current situation of the global economy, starting with the repercussions of the coronavirus pandemic and the subsequent disruption in supply chains, the increase in shipping costs, high inflation rates, and the unprecedented economic challenges brought by the Russian-Ukrainian crisis. These amendments include raising the personal tax exemption limit from LE 9,000 to LE 15,000, bringing the total tax exemption limit to LE 30,000 annually

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Last updated : 03 May 2022 clock 12:42 PM

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Amendments to income tax aim to relieve burden on citizens, assures Egypt’s Finance Minister ...Egypt

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