The Egyptian government has announced a new package of tax incentives aimed at boosting investment and easing the burden on businesses. Kouchouck said the goal is to reduce the tax burden on businesses, attract new investors, and support liquidity. This system includes exemptions from capital gains tax, dividend distribution, stamp duty, registration and documentation fees, and exemption from withholding or advance payments. It also allows for only four value-added tax declarations annually, with the first tax inspection occurring after five years. In addition to the tax incentives, the government is also working on several other initiatives to improve the business environment in Egypt.

Source: Daily News Egypt November 05, 2024 19:02 UTC