Egyptian Tax Authority

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FinMin prepares second wave of tax breaks

FinMin prepares second wave of tax breaks

Good afternoon, ladies and gentlemen. It’s a relatively calm day…

No more Hotel California?

No more Hotel California?

Egypt moves to fix exit problem with new liquidation hub

Egypt moves to fix exit problem with new liquidation hub

The corporate “solidarity contribution” will be calculated on net income, not revenues

The corporate “solidarity contribution” will be calculated on net income, not revenues

Gov’t eye solidarity contribution at 0.5-1% of net income, scrapping revenue-based levy and risk of taxing losses

Gov’t eye solidarity contribution at 0.5-1% of net income, scrapping revenue-based levy and risk of taxing losses

Less red tape for SMEs as Finance Ministry raises related-party reporting floor to EGP 30 mn

Less red tape for SMEs as Finance Ministry raises related-party reporting floor to EGP 30 mn

No more extensions for pre-2020 tax dispute settlement deadline

No more extensions for pre-2020 tax dispute settlement deadline

Tax settlement scheme expected to bring in EGP 800 bn by the end of the fiscal year

Tax settlement scheme expected to bring in EGP 800 bn by the end of the fiscal year

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