Minister of Finance Ahmed Kouchouk confirmed that Egypt's new budget will not include any tax increases, emphasizing instead a strategy to broaden the tax base as a mutually beneficial move for the state and taxpayers.

Egyptian President Abdel Fattah El-Sisi has directed various entities and authorities to replace the fees they charge with a single unified additional tax on net profit.

Egypt’s cabinet approves a draft law regulating the mechanism for exchanging information for tax purposes under international agreements, aiming to combat tax evasion and strengthen financial transparency.

The Egyptian government is planning to submit a draft law to the parliament in February to cancel the capital gains tax on the Egyptian Exchange (EGX) transactions and reimpose a flat stamp tax.

The Egyptian House of Representatives has greenlit a draft law submitted by the government on amending some provisions of the Unified Tax Procedures Law issued by Law No.206 of 2020.

Egyptian Minister of Finance Ahmed Kouchouk expressed optimism and commitment to strengthening ties with the business community following the House of Representatives' approval of new tax incentives and facilitation laws.

Egypt’s general budget recorded a primary surplus of EGP 130.2 billion from July to October in fiscal year (FY) 2024/2025, equivalent to 0.76% of gross domestic product (GDP).

The first package of tax facilities marks a solid start for partnership with the business community in order to improve the investment climate, Minister of Finance Ahmed Kouchouk stated during a parliamentary session.

he Egyptian Minister of Finance Ahmed Kouchouk has announced new legislative amendments, including setting a ceiling for tax fines.

The government has unveiled the first batch of the tax facilities package aimed at boosting the country’s tax system, promoting investments, and driving economic growth, Minister of Finance Ahmed Kouchouk stated.

The new tax facilities package for small and medium-sized enterprises (SMEs) will come into effect in November.

The Head of the Egyptian Tax Authority (ETA) Rasha Abdel Aal has signed the BRICS Framework Agreement for Cooperation in Tax Fields in Moscow, marking Egypt’s commitment to enhancing its tax administration in alignment with the BRICS countries.

The Egyptian Minister of Finance Ahmed Kouchouk has outlined three main financial policy priorities for the near future, aimed at boosting economic stability for citizens and investors.

The new income tax law will be a surprise to all, as it was drafted in line with international tax authorities’ standards to foster the transparency-based relationship between the Egyptian Tax Authority (ETA) and taxpayers, Deputy Head of the ETA Sayed Saqr stated.

Taxes levied on capital gains arising from the sale of securities listed on the Egyptian Exchange (EGX) will be collected as of the tax season of March-April 2025 through Misr for Central Clearing, Depository and Registry (MCDR).

The Egyptian Tax Authority (ETA) declared that it has not issued any directives or instructions concerning levying taxes on capital gains arising from the sale of securities listed on the Egyptian Exchange (EGX) during the past period to date.

The real estate sector plays a significant role in the Egyptian economy, contributing 10% to the country’s gross domestic product (GDP) during the previous fiscal year (FY) 2022/2023. This sector presents both challenges and opportunities within the economic landscape. Additionally, Egypt’s population of over 106 million people, coupled with the concept of real estate as a secure investment, has made buying properties a prevalent activity in the country. Accordingly, the property tax in Egypt is a substantial aspect of the national tax system, contributing to the country’s returns and impacting real estate market investments.

The Egyptian public treasury will afford EGP 1.4 billion in real estate tax annually for 21 economic activities until the end of 2026.

The Egyptian government has approved a new law, under which a simplified lump-sum tax is applied to any property or company with annual turnover of not over EGP 10 million, Minister of Finance Mohamed Maait revealed.