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More details on upcoming package of tax facilities
Under the latest round of facilities, some sectors will be exempt from invoicing
Local sukuk issuance, take two
The second tranche is a three-year ijara issuance with a semi-annual return
Gov’t to launch fresh PPPs worth EGP 31 bn
The projects cover water desalination, electricity, sanitation, transformer stations, and recycling
Budget deficit widens to 2.5% of GDP in 1Q FY 2025-2026
The primary surplus rose to EGP 178 bn during the quarter
Finance Ministry rolls out tax workaround for contractor contracts inked before VAT shake-up
The move follows VAT amendments ratified in July that subjected all new construction and contracting contracts to the standard 14%…
Finance Ministry to suspend taxes on machinery and production lines until factories begin operations
A ministerial decree activating the measure is expected soon
Gov’t raises its local debt target for October to EGP 845 bn
The increase was driven by strong investor appetite for treasury bills and bonds
Gov’t to introduce new mechanism for calculating solidarity contribution for manufacturers
The solidarity contribution tax will be calculated based on net profit rather than revenues
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