Tax continued to dominate discussions on the airwaves last night, with the nation’s talking heads focusing on the new batch of tax amendments that were voted through the House yesterday. We have the full story in the news well, above.

The new income tax will come into effect in July, Deputy Finance Minister Ramy Youssef told Masa’a DMC (watch, runtime: 6:13), referring to the personal income tax exemption threshold rising to EGP 36k from EGP 24k.

Yet, another tax exemption threshold raise? MP Mohamed Abou El Enein had proposed once again raising the tax exemption threshold to EGP 42k, according to Ala Mas’ouleety (watch, runtime: 9:28).

Tax breaks will help investors accept the CGT: The new income tax introduces incentives and facilities to soften the blow of the capital gains tax (CGT) that is expected to come into effect after the income tax changes are signed into law, Egyptian Capital Market Association (ECMA) chairman Mohamed Maher Kelma Akhira (watch, runtime: 4:38), pointing to the tax cuts on shares of newly-listed companies.

Also on the airwaves last night:

  • Lamees El Hadidi sat down for a one-on-one with the UN High Commissioner for Refugees Filippo Grandi to learn the latest on the situation in Sudan and Egypt’s efforts hosting thousands of refugees. Grandi is currently on a three-day visit to Egypt, where he held talks with President Abdel Fattah El Sisi and visited the Egypt-Sudan border. (Kelma Akhira | watch, runtime: 22:41)
  • The state has bought more than 3 mn tons of local wheat since the start of the harvest season at the beginning of April. (Al Hayah Al Youm | Watch, runtime: 2:35)
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