"All parties involved will benefit, investors, citizens and the State» in the path of trust, partnership and certainty between the Tax Authority and the business community

We focus on supporting promising and emerging sectors, and enhance their contributions to economic activity

The simplified tax system drives the growth of small enterprises, entrepreneurship and the activities of professionals in the Egyptian economy

Launching successive packages of facilities in customs and real estate taxes to facilitate for investors and citizens during the coming period

Announcing the tax policy document until 2030 in the first quarter of next year to establish confidence in our taxpayers

Achieving a balance between fiscal discipline, driving economic activity, productivity, export rates, competitiveness and social protection

We aim to boost the movement of the Egyptian economy by promoting the growth of the private sector with a greater role and activity

Setting a ceiling for public investments opens wide horizons for increasing private investments in all activities

Ready to stimulate economic activities with serious initiatives linked to clear measurable results

We are working to quickly refund the export burdens to the exporting companies. An ambitious new program starting from next fiscal year to stimulate exports

Treasury bears half of the cost of financing the establishment of 10,000 hotel rooms within two years in the initiative to support the tourism sector

We are working with the Ministry of Investment to identify and evaluate all fees to reduce the burdens on investors and unify the collection entities

“We are working hard to reduce and improve the indebtedness indicators of the budgetary entities.  Since the beginning of the year, we have succeeded in paying installments for external loans more than what was borrowed»

The external debt of the budgetary entities decreased by about $3 billion last fiscal year

We seek to create a strong fiscal space to direct it for spending on increasing investment in health and education

We must join hands to reduce inflation rates to alleviate the living burdens of citizens

 

 

 

Minister of Finance, Ahmed Kouchouk, stressed that the priorities of fiscal and tax policies reflect a more comprehensive vision of economic reform to stimulate investment and sustainable growth, explaining that "All parties involved will benefit, investors, citizens and the State» in the path of trust, partnership and certainty between the Tax Authority and the business community

 

In his meeting with representatives of the Coordination of Party Youth and Politicians in the House of Representatives and the Senate, the Minister added that we focus on supporting promising and emerging sectors and enhancing their contributions to economic activity, pointing out that the simplified tax system drives the pace of growth of small enterprises, entrepreneurship and the activities of professionals in the Egyptian economy.

 

He pointed out that successive packages of facilities will be launched in customs and real estate taxes to facilitate for investors and citizens during the coming period, and the tax policy document until 2030 will be announced in the first quarter of next year to establish confidence in our taxpayers.

 

He explained that we aim to achieve a balance between fiscal discipline, driving economic activity, productivity, export rates, competitiveness and social protection, pointing out that we also aim to drive the movement of the Egyptian economy by promoting the growth of the private sector with a greater role and wider activity.

 

He said that setting a ceiling for public investments opens up broad prospects for increasing private investments in all activities, explaining that we are ready to stimulate economic activities with serious initiatives related to clear and measurable results, and we are working to quickly refund the export burdens of exporting companies, and there is a new and ambitious program from the next fiscal year to stimulate exports.

 

The Minister added that the Treasury bears half of the cost of financing the establishment of 10,000 hotel rooms within two years in the initiative to support the tourism sector, and that we are working with the Ministry of Investment to identify and evaluate all fees to reduce the burden on investors and unify the collection entities.

 

“We are working hard to reduce and improve the indebtedness indicators of the budgetary entities.   Since the beginning of the year, we have succeeded in paying more installments for external loans than has been borrowed." The external debt of the budgetary entities decreased by about $3 billion last fiscal year.

 

He stressed that we seek to create a strong fiscal space to direct it for spending on increasing investment in health and education, pointing out that we must join hands to reduce inflation rates to alleviate the living burdens of citizens.