Topline tax for Egypt’s zone companies to apply only to new projects:

Topline tax for zone investors to apply only to new projects: The Investment Ministry’s dispute resolution unit has decided to exempt already existing freezone companies from the fees and levies imposed on their toplines in 2017, Baker McKenzie’s Mohamed Ghannam said. ِِِA 2% fee on all goods sold in Egypt out of the zones, a 1% tax on goods exported from zones and 1% fee on the operating costs of industrial projects in the zones — all stipulated by the 2017 Investment Act — will now only apply to newly set up projects.