Tax Authority signs off on new income tax breaks

Tax Authority signs off on new income tax breaks: Tax Authority boss Emad Samy signed off on income tax breaks on Thursday, Al Mal reports. The House of Representatives had approved income tax cuts last month ranging from 5-80% for those earning under EGP 200k a year and exempting those earning anything below minimum wage. The breaks came as part of the government’s efforts to widen the social safety net and soften the impact of economic and fiscal reform measures.