Egypt’s Ministry of Finance has published a new guide to help businesses understand the latest tax reforms on Saturday, April 26, according to a statement published on the Ministry’s page. The document outlines who qualifies under the updated tax code, explains key responsibilities, highlights potential penalties, and details the new dispute resolution process. It also features a FAQ section and insights from prominent business leaders. The move is part of a broader effort by Egypt to simplify tax payments for small businesses. Last week, President Abdel Fattah Al-Sisi signed three new laws aimed at streamlining tax procedures, easing the filing process, and providing clearer mechanisms for resolving disputes. The new laws seek to replace a range of government-imposed fees with a single tax on net profits, as part of wider efforts to enhance the business environment and draw in more investment. What You Need to Know About the Tax Reforms Egypt’s new tax system for small businesses introduces a straightforward turnover-based approach, meaning companies will now be taxed on their total revenue instead of navigating complicated expense deductions. The goal is to make tax payments simpler, quicker, and more…
