Keep an eye out for a new, limited set of tax incentives for fresh investment

Keep an eye out for updates on the set of tax incentives for fresh investment in a limited list of sectors. An Investment Ministry committee is identifying which geographic areas and sectors will enjoy tax breaks of up to 50% for “underdeveloped” areas and 30% in select other areas, under the Investment Act, according to a ministry statement. The news comes as Nasr is set to meet today with the House Foreign Affairs Committee to discuss investment incentives and obstacles that investors face in Egypt, Al Shorouk reports.