Egypt’s new tax plan draws applause from media for pro-investor tilt
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Egypt’s sweeping new tax relief measures are drawing praise from prominent media figures, who say the initiative marks a turning point in the government’s relationship with taxpayers. They say the measures signal a renewed commitment to economic growth, investor confidence, and institutional reform.
Following the Ministry of Finance’s recent announcement of its updated tax relief package and the accompanying awareness campaign, several television personalities weighed in on what they describe as a “new era” in tax administration—one built on transparency, trust, and simplification.
A New Era of Taxpayer Relations
Nashaat Eldehy, host of Bel Waraka Wel Qalam on Ten TV, said the Ministry’s shift toward treating taxpayers as “genuine partners” rather than adversaries represents a fundamental change in tone and substance. “The Ministry of Finance is ushering in a new era in its relationship with taxpayers, following its announcement of a new chapter between the Egyptian Tax Authority (ETA) and the business community.” Eldehy said.
His remarks reflect a broader narrative pushed by the Ministry, which has positioned the new tax system as a central pillar of its economic reform agenda. The updated framework introduces a slate of incentives, dispute settlement mechanisms, and exemptions designed to bring informal businesses into the formal economy while boosting voluntary compliance.
Focus on Investment and Growth
Tamer Amin, host of Akhir Al-Nahar on Al-Nahar TV, framed the reforms as a “new chapter” for Egypt’s business environment. The new measures “reflect a thorough analysis of the challenges these groups have faced, which have now been resolved to create a more favourable investment climate.” Amin said. He pointed to the government’s responsiveness in tackling longstanding concerns that have hindered private sector expansion.
The Finance Ministry’s package, unveiled alongside new executive regulations, has been welcomed for its streamlined tax declarations, caps on late payment fees, and proportional income tax brackets tailored for micro, small, and medium enterprises (MSMEs).
Presidential Backing
Dina Esmat of Al-Youm on DMC TV noted the reforms carry strong backing from the highest levels of government. “President Abdel Fattah El-Sisi has instructed the government to implement the tax relief package, developed by the Ministry of Finance, with precision.” Esmat said, referencing the president’s direct instructions to ensure swift implementation.
Esmat added that both the Prime Minister and the Finance Minister have publicly reinforced the government’s intention to simplify tax procedures and improve service delivery for investors—key issues that have historically been pain points for businesses operating in Egypt.
A Boost for Small Business
Azza Mustafa, speaking on 6 O’clock on Al Hayat TV, said the new tax measures could be especially transformative for small business owners and startups. These measures are intended to “bring small business owners into the official framework, enabling them to export and interact with government entities with great ease.”
The Finance Ministry has emphasised that the reforms are not just technical changes but a strategic effort to reposition the tax authority as a service-oriented institution focused on economic integration and growth.
Looking Ahead
With implementation now underway, the true test will be how effectively the Egyptian Tax Authority rolls out these reforms on the ground—and whether taxpayers respond with renewed confidence in the system. So far, the message from both government officials and prominent media voices is clear: Egypt is ready to do business differently.
Attribution: Amwal Al Ghad English