Taxes

Trump Targets Foreign Films with 100% Tariff, Calling Overseas Incentives a ‘National Security Threat’

Tue, 06 May 2025 - 10:31 GMT

Trump Targets Foreign Films with 100% Tariff, Calling Overseas Incentives a ‘National Security Threat’.

Major tax reforms to take effect in March, with minister of finance's close oversight: ETA head

Wed, 19 Feb 2025 - 12:58 GMT

Rasha Abdel Aal, head of the Egyptian Tax Authority (ETA), confirmed that the long-awaited tax relief package, aimed at benefiting both taxpayers and businesses, will be rolled out in March.

No penalties for past tax periods for unregistered SMEs if registered soon: Kouchouk

Mon, 27 Jan 2025 - 02:34 GMT

To promote compliance with the recently approved tax incentive and relief laws, he urged businesses that have yet to register in the tax system to do so within the designated timeframe, assuring them there would be no penalties for past tax periods.

Egyptian Tax Authority head highlights continued commitment to digitalization of tax systems

Wed, 22 Jan 2025 - 02:44 GMT

She also highlighted the fully-equipped Digital Services Center at the Treasury headquarters in Lazoghly. The center, staffed with a skilled team and supported by the latest technology, is designed to assist taxpayers with electronic filing and provide immediate support as needed.

Kouchouk reveals new e-system and measures for investor and tax issues to go live in February

Mon, 20 Jan 2025 - 11:22 GMT

The FinMin also outlined that the Ministry of Finance is rolling out 20 new measures designed to improve the tax environment for businesses of all sizes, stressing that these measures are part of a realistic and solution-driven approach

New comprehensive public debt reduction strategy to be finalized by Q1 2025: Kouchouk

Mon, 09 Dec 2024 - 12:49 GMT

Kouchouk emphasized that Egypt’s immediate goal is to reduce the country’s debt-to-GDP ratio to 85 percent by the end of the current fiscal year during an economic conference on Monday

Egyptian Cabinet approves of new draft laws to enhance tax support for SMEs: Kouchouk

Thu, 31 Oct 2024 - 12:32 GMT

Kouchouk added that these aim to stimulate growth among small businesses, simplify tax processes, and resolve existing tax disputes

Egypt steadily moving towards tax stability through more balanced tax system: Tax Head

Sun, 20 Oct 2024 - 01:43 GMT

Abdel Aal clarified that the suggested reforms are part of a strategic plan aimed at ensuring the sustainability of Egypt's tax system while adhering to international best practices that prioritize taxpayer satisfaction.

Deputy Minister of Finance, Tax Authority, discusses new tax package with MSMEDA

Tue, 24 Sep 2024 - 03:17 GMT

El-Kilani shared that the tax facilitation package aims to establish a comprehensive tax system for businesses with annual revenues not exceeding LE 15 million as part of the government's efforts to encourage and support small enterprises through simplified tax treatment.

Egyptian, Saudi governments draft agreement on investment protection

Mon, 16 Sep 2024 - 12:29 GMT

The Egyptian prime minister presented investment incentives to the Saudi Industry Minister.

New unit under finance ministry to streamline customs, tax procedures for automotive industry

Tue, 27 Aug 2024 - 12:58 GMT

This includes assembly and feeder companies, as well as all entities participating in the national program for the development of the automotive industry

CBE reveals FY2023/2024 economic indicators, GDP reported at LE 2.14trn

Tue, 13 Aug 2024 - 04:08 GMT

The country’s GDP was recorded at LE 2.14 trillion, up from LE 2.09 trillion in FY2022/2023, according to the report

24.1% tax revenue increase without new taxes

Thu, 09 May 2024 - 01:44 GMT

Tax revenues as of the end March grew by 24.1%.

Finance Minister announces formation of Supreme Tax Council

Tue, 26 Mar 2024 - 11:08 GMT

The council, chaired by the Prime Minister, will include heads of the Federation of Egyptian Chambers of Commerce, Federation of Egyptian Industries, and Egyptian Federation of Investors Associations

Tax revenues surged 21% annually in FY2022/2023, Finance Minister

Sun, 11 Feb 2024 - 06:08 GMT

The minister added that Egypt has accumulated around LE 171 billion in the July 2023 – January 2024 period

Egyptian tax authority releases new tax regs. for small businesses

Tue, 23 Jan 2024 - 05:11 GMT

The new tax system stated that establishments with a business turnover below LE 250,000 will be subject to an annual tax of LE 1,000

Maait meets with FEDCOC delegation to discuss importance of stable tax policies

Mon, 06 Nov 2023 - 12:27 GMT

The minister met with delegates from the General Federation of Egyptian Chambers of Commerce (FEDCOC), and its president, Ahmed El Wakil

Egypt’s Ministry of Finance potentially working on new tax policy, media

Tue, 24 Oct 2023 - 12:04 GMT

The first draft of the new policy has been completed, the source revealed, and will likely be finalized and ready for public viewing as early as next month. The new policy is intended to promote investment and investor confidence

MPs approve draft bills to raise tax exemption threshold, pension, and cost-of-living allowance

Mon, 16 Oct 2023 - 10:57 GMT

In a report by the House of Representatives Planning and Budget Committee on the draft bill released last month, this would ease the tax burden on low-income citizens and is in line with the state's commitment to promoting social justice

Egypt seeks to boost tax-to-GDP ratio, intends to avoid adding burden on citizens

Mon, 16 Oct 2023 - 10:16 GMT

According to the finance minister, Egypt seeks to improve the ratio by expanding automated tax solutions, specifically targeting the integration of the informal economy into the formal economy

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