{"id":680016,"date":"2026-01-05T00:00:00","date_gmt":"2026-01-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=680016"},"modified":"2026-01-06T05:40:34","modified_gmt":"2026-01-06T05:40:34","slug":"finmin-prepares-second-wave-of-tax-facilities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/05\/finmin-prepares-second-wave-of-tax-facilities\/","title":{"rendered":"FinMin prepares second wave of tax breaks"},"content":{"rendered":"

Good afternoon, ladies and gentlemen.<\/strong> It\u2019s a relatively calm day on the home front, and we\u2019ve got a brisk issue to match with few but important stories, including the Finance Ministry\u2019s second wave of tax facilities, the latest in Venezuela, and a guide to something you might just want to start planning for\u2026<\/p>\n

But first, the news.<\/strong><\/p>\n

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THE BIG STORY TODAY-<\/p>\n

? The Finance Ministry is preparing a second wave of tax facilitation <\/strong>measures following a fresh round of consultations with the business community<\/strong>, a senior government source told EnterpriseAM. The move is a bridge toward a total overhaul of the tax code, as the government clears legacy files before introducing a new Income Tax Act.<\/p>\n

The Tax Authority has extended its seizure-relief mechanism through 31 December <\/strong>2026<\/strong>, according to an official document seen by EnterpriseAM. Under the decision, seizure will be lifted upon payment of 1% of outstanding liabilities in cases of unappealed tax assessments \u2014 subject to caps \u2014 or 10% where liabilities are due under committee decisions or enforceable court rulings, with the remaining balance to be settled in installments. The measure excludes cases of permanent cessation, liquidation, and certain leased-headquarter companies.<\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

? All eyes remain on Venezuela as former President Nicol\u00e1s <\/strong>Maduro\u2019s<\/strong> capture<\/a><\/strong> highlights escalating geopolitical risks. <\/strong>Gold is on the rise, with the yellow metal climbing by over 2% to USD 4.4k per ounce at the time of publication. Silver also saw a spike, up 4.9%. The USD stood strong, yet heightened uncertainty may take its toll on the greenback, according to analysts. Meanwhile, oil prices fluctuated after US President Donald Trump vowed to take over Venezuela\u2019s reserves.<\/p>\n

^^Read more on: BBC<\/a>, Bloomberg<\/a>, and Reuters<\/a>. <\/p>\n

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