Our financial priorities are based on enabling the private sector to lead growth with more impactful and stimulating policies for production and export

The Ministerial Economic Group is working consistently on more than one path to create a competitive and attractive investment environment

We are all working together to improve debt indicators and price stability so that investors and citizens can feel the fruits of economic development

Funding costs will gradually fall as inflation is expected to decline

Setting a ceiling for total investments and economic governance contributed to increasing the percentage of private investments to 63% of the total investments implemented during the first quarter of the current fiscal year

We are working with the Ministry of Investment and Foreign Trade to limit all fees in order to reduce them and unify the entity responsible for handling and collection

From the first package of tax facilities, we target the response of current and new taxpayers. Starting a new page in the path of "Trust, Partnership and Support"

We stimulate startups, professionals, small businesses and entrepreneurial activities with a simplified and integrated tax system

More simplified mechanisms to end existing tax disputes and close old files in order to establish a stable investment environment

Penalty for delay or additional tax will not exceed the "principal tax". «Together, we will start a new page »

Applying the sample examination system to all taxpayers in tax centers, offices and directorates, establishing our trust in our partners

Optimizing the use of artificial intelligence in analyzing the data of electronic tax systems and supporting priority economic activities

The Board of Directors of «T20» association confirms its appreciation to the Minister of Finance:

Optimistic with your different discourse with investors in the language of “priorities that create opportunities for economic growth from challenges”

We are pleased that you are keen to exchange visions and ideas to create a real partnership between revenue authorities and taxpayers

We are excited about your adoption of more supportive financial policies for the private sector without disturbing the indicators of financial discipline

We agree with you in improving debt indicators with an integrated and diversified strategy based on advancing economic activity

 

 

Minister of Finance, Ahmed Kouchouk, assured that we are committed to expanding effective communication with the private sector to benefit from its experiences in advancing the pace of reform and economic activity, explaining that our financial priorities are based on enabling the private sector to lead growth with more effective policies that stimulate production and export.

 

In his meeting with the Board of Directors of the T20 Foundation, the Minister said that the Ministerial Economic Group is consistently working on more than one path to create a competitive and attractive investment environment, pointing out that we are all working together to improve debt indicators and price stability so that investors and citizens feel the fruits of economic development.

 

The Minister added that the financing costs will gradually decrease with the expectations of declining inflation rates, pointing out that setting a ceiling for total investments and economic governance contributed to increasing the percentage of private investments to 63% of the total investments implemented during the first quarter of the current fiscal year.

 

The Minister pointed out that we are working with the Ministry of Investment and Foreign Trade to limit all fees in order to reduce them and unify the entities responsible for handling and collection, stressing that we target, from the first package of tax facilities, the response of current and new taxpayers. Starting a new page in the path of "Trust, Partnership and Support"

 

The Minister explained that we are working to stimulate startups, professionals, small enterprises and entrepreneurship activities with a simplified and integrated tax system, pointing out that there are more simplified mechanisms to settle existing tax disputes and close old files in order to establish a stable investment environment.

 

The Minister confirmed that the delay or additional tax will not exceed the principal tax, and that together we will start a new page, explaining that the application of the sample examination system to all taxpayers in tax centers, offices and directorates contributes to establishing our confidence in our partners.

 

The Minister said that we are keen on optimizing the use of artificial intelligence in analyzing the data of electronic tax systems, and supporting priority economic activities.

 

The Board of Directors of the T20 Foundation expressed its appreciation to the Minister of Finance, saying: "We are optimistic about your different discourse with investors in the language of priorities that create opportunities for economic growth from challenges, and we are happy with your keenness to exchange visions and ideas to create a real partnership between revenue authorities and taxpayers, and that we are excited to adopt more supportive financial policies for the private sector without disturbing the indicators of financial discipline, and that we agree with you in improving debt indicators with an integrated and diversified strategy based on advancing economic activity."