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Financing gap set to rise over 25% next fiscal year to EGP 3.6 tn
The widening requirements are attributed to a fall in non-tax revenues coupled with increased social spending
What you need to know about the new, SME-focused tax reforms
Plus: It’s going to be simpler for businesses of all sizes to clear-out old disputes and back-tax bills
Gov’t to replace long list of fees with single unified tax
Good morning, friends, and a happy long weekend to you all. After an abridged week with an unabridged news cycle,…
Local auto assemblers could be exempt from development fees
Good afternoon, friends, and welcome to the end of a condensed workweek. Today’s issue takes a look at the future…
Sugar, training services to lose VAT exemption under FinMin plan
Next fiscal year’s budget expects taxing sugar to bring in some EGP 443 mn
Gov’t working to replace long list of fees, charges with single unified additional tax on net income
A new unified tax system and a digital platform will be introduced to reduce fees and speed up customs clearance
Standard Chartered pushes back rate cut expectations — but sees a bigger May cut
The bank now expects the CBE to hold rates this week, forecasting a 200-bps cut in May as it warns…
Egypt could get partial relief from Trump’s tariffs — but there’s a catch
In exchange for relaxing its own tariffs, US officials are pushing for the removal of non-tariff restrictions in key sectors
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