120,000 taxpayers voluntarily join simplified tax system: Finance Minister - News Summed Up

120,000 taxpayers voluntarily join simplified tax system: Finance Minister


Egypt’s Minister of Finance Ahmed Kouchouk said that the Egyptian government is maintaining direct communication with investors to tackle tax, customs, and financial challenges through practical, actionable solutions. Under the programme, taxpayers voluntarily submitted around 660,000 new and amended tax returns, reported business volumes amounting to EGP 1trn, and paid approximately EGP 80bn in additional taxes. “We are proud of this valuable trust from our partners in the tax facilitation journey,” Kouchouk added. He also noted that a second package of tax facilitation measures will be presented to the House of Representatives after Eid Al-Fitr. Al-Saqti praised the Finance Minister’s field-oriented approach, highlighting his ability to understand and address the challenges faced by small investors.


Source: Daily News Egypt March 17, 2026 18:55 UTC



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