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During a meeting with Minister of Finance Ahmed Kouchak and Minister of Investment and Foreign Trade Hassan Khatib, Prime Minister Mustafa Madbouly reviewed the final outcomes of new tax incentives and investment stimulants that the government is preparing to announce. These packages aim to enhance Egypt's business environment and attract more local and foreign investments.
During a meeting with Minister of Finance Ahmed Kouchak and Minister of Investment and Foreign Trade Hassan Khatib, Prime Minister Mustafa Madbouly reviewed the final outcomes of new tax incentives and investment stimulants that the government is preparing to announce. These packages aim to enhance Egypt's business environment and attract more local and foreign investments.
The tax facilities developed by the Ministry of Finance focus on easing obstacles for the business community through measures such as simplifying tax declarations, reducing burdens, resolving old disputes, and implementing a sampling inspection system to expedite tax verification. The Ministry also aims to integrate the informal economy into the tax system.
Minister Khatib noted that the Ministry of Investment has completed the formulation of a new incentive package in collaboration with investors and relevant authorities to improve the investment climate and increase investments in vital sectors. Important initiatives include enhancing the export rebate system to ensure timely and consistent disbursement of export support, boosting the industrial sector and increasing production rates.
These reforms and incentives open new horizons for investment in Egypt, with the government committed to providing genuine support to the business community, making it an attractive destination for both local and international investors.
Source: Cabinet of Ministers, Ministry of Finance, Egypt
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