Egypt’s upcoming tax incentives package may include new measures to support stock market listings.
The measures form part of the second phase of the government’s tax facilitation package, developed following around 40 consultation sessions with representatives of the tax community and business stakeholders.
The package, part of a broader effort to streamline Egypt’s tax system, is being expedited ahead of public consultation sessions that began in mid-September.
Presenting the financial statement before the House of Representatives, Kouchouk stated that the government aims to collect EGP 2.6 trillion in tax revenues without imposing new burdens on citizens.
He noted that Egypt lost approximately EGP 110 billion in Suez Canal revenues and allocated an additional EGP 150 billion in support for the energy sector.
