Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk held a press conference on Wednesday, 11 September, to unveil a new comprehensive package of tax relief measures designed to attract investors. Minister Kouchouk highlighted that the Ministry has carefully examined the actual challenges faced by investors, and the new decisions demonstrate our commitment to addressing the needs of our partners in the tax community. What Are the New Tax Relief Measures? The new tax relief measures introduce a simplified and comprehensive tax system for small and micro enterprises with annual revenues up to EGP 15 million. This system will benefit a range of individuals including entrepreneurs, freelancers, and professionals, making it easier for them to manage their tax obligations. In addition, the government is set to facilitate the transition of informal economy projects into the formal sector through special packages aimed at easing this shift. One of the key features of the new measures is the flexibility provided to financiers, who will now be able to submit and amend their tax reports for the years 2021 through 2023 without incurring penalties. This adjustment aims to alleviate financial pressures and encourage…
