Strongly on the path of creating trust and partnership between revenue authorities, the business community and taxpayers

Completion of the implementation of the first package of tax facilities in full during the current fiscal year

Contracting with a number of neutral parties to assess the course of tax reform and ensure the proper and targeted application of facilitated procedures

The central electronic clearing system has begun experimentally to provide liquidity to investors

A simplified tax system for business owners, professionals and entrepreneurial activities up to 15 million pounds

Fiscal policies are more open, balanced and influential in economic activity in favor of the business community

We are now working on ambitious and stimulating initiatives with clear measurable targets

An initiative to stimulate industrial activities in coordination with Ministry of Industry to increase productivity rates and localize the industry in Egypt

An initiative to facilitate and motivate businesses and citizens to shift to more efficient, affordable and low-emission energy alternatives

We coordinate with Minister of Investment and Foreign Trade to prepare a strong, comprehensive and stimulating program for the export sector next fiscal year

We aim to reduce domestic and external government debt through an integrated and consistent strategy during the first quarter of 2025

Preliminary indicators of financial performance are good despite all global and regional economic challenges

Minister of Finance, Ahmed Kouchouk, stressed that our financial and tax policies are more targeted to stimulate investment, boost economic activity and support the private sector, explaining that we are strongly on the path of creating trust and partnership between revenue authorities, the business community and taxpayers.

 

The Minister said, at the opening of the annual conference of the newspaper "Habi", that the implementation of the first package of tax facilities will be fully completed during the current fiscal year, pointing out that a number of neutral parties will be contracted to evaluate the course of tax reform and ensure the proper and targeted application of facilitated measures.

 

He added that the central electronic clearing system has begun experimentally to provide cash liquidity to investors, explaining that there is a simplified tax system for business owners, professionals and entrepreneurial activities up to 15 million pounds.

 

The Minister pointed out that financial policies will be more open, balanced and influential in economic activity for the benefit of the business community, pointing out that we are now working on preparing ambitious and stimulating initiatives with clear measurable goals.

 

Kouchouk stressed that we are studying an initiative to stimulate industrial activities in coordination with Ministry of Industry to increase productivity rates and localize the industry in Egypt, and that there is another initiative to facilitate and motivate companies and citizens to shift to more efficient, affordable and low-emission energy alternatives.

 

The Minister said that we are coordinating with Minister of Investment and Foreign Trade to prepare a strong, comprehensive and stimulating program for the export sector next fiscal year, explaining that we aim to reduce domestic and external government debt through an integrated and consistent strategy during the first quarter of 2025.

 

Kouchouk assured that the initial indicators of financial performance are good despite all global and regional economic challenges, reflecting the efforts made to maintain financial discipline and economic stability.