Kouchouk says Egypt plans ‘exceptional’ cut to debt levels, lowers medical VAT to 5%
Egypt is targeting an “exceptional” improvement in its budget debt indicators while implementing a second package of tax facilities that includes cutting value-added tax (VAT) on medical equipment to 5% from 14%, Finance Minister Ahmed Kouchouk said on Tuesday. Speaking
Egypt to swap capital gains for stamp duty to boost stock market investment
Egypt plans to replace capital gains tax with a stamp duty to stimulate institutional investment in the stock exchange, Finance Minister Ahmed Kouchouk announced on Wednesday, as part of a second package of tax facilities aimed at supporting the business
Finance Ministry introduces new VAT facilitations to support taxpayers
Minister of Finance Ahmed Kouchouk has issued two ministerial decrees introducing new facilitations for taxpayers under the Value Added Tax (VAT) system, aiming to strengthen trust, partnership, and tax certainty between the government and the business community. The first decree
Community dialogues key to strengthening relations with taxpayers, investors: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has highlighted the pivotal role of community dialogues in building robust partnerships with taxpayers and investors. These discussions, initiated by the Ministry of Finance in collaboration with the ETA, are
Cabinet approves governance measures for vehicle import system for disabled drivers
Prime Minister Mostafa Madbouly approved a draft decision to amend provisions of the executive regulation of the Law on the Rights of Persons with Disabilities, during a cabinet meeting on Wednesday. The amendment, issued under Prime Ministerial Decree No. 2733/2018,
Egypt’s economy shows signs of recovery despite challenges: IMF – Dailynewsegypt
Egypt’s economy is showing signs of recovery following a difficult period marked by weak economic activity and foreign exchange shortages, according to a recent report by the International Monetary Fund (IMF). While growth slowed to an average of 2.5 percent
Over 461,000 income tax, VAT disputes settled in Egypt – Dailynewsegypt
Mohamed Maait, Egypt’s Minister of Finance, recently announced the resolution of more than 461,000 income tax and value-added tax (VAT) disputes over the past six years. These settlements were achieved administratively, away from the courts, following presidential directives. The total