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Egypt nearly halves fuel subsidy spending in 2020-2021 budget
FinMin nearly halves projected fuel subsidy spending in 2020-2021 budget: The Finance Ministry is allocating EGP 28.1 bn to subsidies…
VAT fast-track refunds published in Egypt’s government gazette
REGULATION WATCH- Fast-track VAT drawbacks are now officially a thing: The Official Gazette published earlier this month a decree (pdf)…
Egypt lists sectors eligible for covid-19 corporate income tax relief
Gov’t lists sectors eligible for covid-19 corporate income tax relief: The Madbouly Cabinet specified on Thursday industries eligible for the…
Egypt’s financing gap forecast at nearly EGP 1 tn- FY 2020-21 budget
FinMin sees Egypt’s financing gap at nearly EGP 1 tn next fiscal year: The Finance Ministry needs EGP 988 bn…
FinMin halves downpayment to unlock assets, file tax settlements
FinMin halves down payment requirement to unlock assets, file tax settlements: Businesses will only have to pay a 5% downpayment…
House Planning Committee to review Unified Budget Act in June
LEGISLATION WATCH- House Planning Committee to review Unified Budget Act in June: The House of Representatives’ Planning and Budget Committee…
FinMin leaves FY2020-2021 GDP growth figures unchanged from pre-covid expectations
BUDGET WATCH- In a climate of global uncertainty, the Finance Ministry is leaving its projection for FY2020-2021 GDP growth unchanged…
Egypt’s Cabinet to determine which industries are eligible for income tax relief program
EXCLUSIVE- Businesses will find out before month’s end whether they are eligible for corporate income tax relief: The Madbouly Cabinet…
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