Elsewedy: Egypt’s FinMin boosts investor confidence with tax reforms

Egypt’s Minister of Finance Ahmed Kouchouk is restoring investor confidence and energising the private sector through targeted tax reforms and a cooperative approach to business, said Ahmed Elsewedy, chairman of the German-Arab Chamber of Industry and Commerce in Cairo.

Elsewedy said the Finance Ministry’s recent tax incentives package marks a turning point, offering “unprecedented facilities” that encourage business expansion, boost production, and support exports. He credited the minister’s responsiveness to private sector concerns as a key factor in improving the overall investment climate.

“… the approach to handling the tax issue has begun to change, with a clear focus on building bridges of trust and partnership with the business community, fostering tax stability, and reducing disputes.” Elsewedy said.

“The tax incentives package boosts optimism for the private sector…,”

The new approach includes simplifying procedures, accelerating dispute resolution, and focusing on service quality. Elsewedy noted that these measures are laying the groundwork for a more transparent and business-friendly environment.

He added that continued improvements in tax administration and communication between the government and businesses will be critical to sustaining investor momentum and unlocking further growth.

Attribution: Amwal Al Ghad English