Egypt to unveil comprehensive tax policy framework in Q1-25

Egypt’s Finance Minister Ahmed Kouchouk announced on Thursday that a detailed tax policy document outlining strategies through 2030 will be released in the first quarter of 2025. The initiative aims to foster trust and partnership between the government, taxpayers, and the business community while bolstering economic growth and investment.

Speaking during a meeting with representatives of the Coordination of Youth Parties and Politicians from the House of Representatives and Senate, Minister Kouchouk emphasised the government’s commitment to achieving a “win-win” outcome for all stakeholders.

The forthcoming 2030 tax policy document is expected to provide long-term clarity and confidence for taxpayers and investors. It represents a cornerstone of the government’s broader strategy to enhance Egypt’s economic landscape, focusing on trust, collaboration, and sustainable development.

By aligning tax reforms with growth-oriented initiatives, Egypt seeks to attract private sector investment and strengthen its position as a competitive hub for trade and innovation in the region.

The minister highlighted the government’s focus on nurturing emerging and promising sectors, emphasising their critical role in driving economic activity. He pointed to the simplified tax system as a key enabler for small businesses, entrepreneurship, and professional activities, helping these segments thrive within the Egyptian economy.

The minister also announced plans to introduce successive packages of incentives in customs and property taxes to ease processes for investors and citizens alike. Additionally, the government is prioritising the swift reimbursement of export burdens to boost competitiveness and plans to launch a new export promotion programme in the next fiscal year, he noted.

Attribution: Amwal Al Ghad English