Deputy Min. of Finance for Tax policy resigns from his position

CAIRO – 5 March 2018: Deputy Minister of Finance for Tax policy Amr el-Mounir submitted his resignation to the Prime Minister Sherif Ismail on Monday.

El- Mounir officiated in March 2016, and succeeded during his tenure in developing a modern tax policy which enabled Egypt to achieve the largest tax revenues in its history.

He also added a clear vision of tax philosophy and its ability to support the business community and achieve social justice.

El-Mounir focused on the dissemination of tax culture within Egyptian society and adopted a number of policies that succeeded in solving many of the accumulated conflicts that lasted for many years.

Al-Munir expressed his readiness to provide all assistance and consultation at any time the country needs.

He wished Egypt’s success in moving towards an advanced Egyptian economy that will let the country be capable to compete regionally and internationally.

He held several positions including partner of tax and international taxation consultancy at PricewaterhouseCoopers and Deputy Assistant Minister of Finance for Tax Policy during 2006-2011.

The tax system witnessed several developments and reforms over the past two years, mainly the shift from sales tax to value added tax, the unification of the general tax rate at 14 percent and the subjection of all services to taxes except services that affect the lower income groups and have developmental dimensions.