{"id":686538,"date":"2026-02-18T00:00:00","date_gmt":"2026-02-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/18\/finmin-to-launch-49-tax-and-customs-reforms-to-boost-investment\/"},"modified":"2026-02-18T00:00:00","modified_gmt":"2026-02-18T00:00:00","slug":"finmin-to-launch-49-tax-and-customs-reforms-to-boost-investment","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/18\/finmin-to-launch-49-tax-and-customs-reforms-to-boost-investment\/","title":{"rendered":"FinMin to launch 49 tax and customs reforms to boost investment"},"content":{"rendered":"

Good afternoon, friends, and Ramadan kareem.<\/strong> Ramadan hours are kicking off tonight, with retail shops, malls, restaurants, and caf\u00e9s staying open until 2am<\/a>. In today\u2019s issue, we discuss why it\u2019s important to show off at work, review a \u201cGreat American Novel,\u201d and recap all the footie fixtures hitting our screens tonight. <\/p>\n

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

\ud83d\udccd The Finance Ministry is preparing to roll out a sweeping package of 49 tax and customs reforms <\/strong>designed to catalyze capital markets and drive both foreign direct investment (FDI) and portfolio inflows, five government sources told EnterpriseAM. Set to take effect in the upcoming fiscal year, the package represents a fundamental pivot toward a more predictable and investment-friendly fiscal framework.<\/p>\n

The government aims to boost tax revenues by 1-2% of GDP within three years by expanding the tax base rather than hiking rates<\/strong>, our sources told us. The goal is to raise the tax-to-GDP ratio to 15-16%, bringing Egypt in line with middle-income peer averages from its current position of 12.5%.<\/p>\n

As part of the amendments, the ministry plans to overhaul the tax treatment of gains on unlisted shares during acquisitions.<\/strong> The new mechanism aims to better reflect long-term acquisition costs by indexing them to inflation.<\/p>\n

^^ Read more details on this story in tomorrow\u2019s edition of EnterpriseAM.<\/p>\n

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

\ud83c\udf10 Following an extended AI-driven sell-off, global shares steadied this morning as investors were reassured by early earnings reports from private software companies. <\/strong>Firms like McAfee, Rocket Software, and Perforce Software reported solid annual revenues. Gains in defence and mining stocks also advanced the STOXX 600 by 0.8% to a record high. Wall Street futures rose 0.6% and the pan-European index is on track for a third consecutive day of gains.<\/p>\n

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

Elsewhere in the business press, Meta announced a new agreement with Nvidia to use Nvidia chips in its AI data centers. <\/strong>Shares of both companies jumped during Tuesday\u2019s extended trading. Meta has been using Nvidia\u2019s graphics processing units for almost a decade, and the expanded partnership will bolster Meta\u2019s push to \u201cdeliver personal superintelligence to everyone in the world,\u201d CEO Mark Zuckerberg said in a statement<\/a>.<\/p>\n

^^Read more on CNBC<\/a>.<\/p>\n

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** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n