At a high-level policy forum on 25 May, Finance Minister Ahmed Kouchouk declared that Egypt is beginning to reap the rewards of its structural reform program, pointing to ten months of strong macroeconomic and financial indicators. Speaking at the 2025 U.S.-Egypt Policy Leaders Forum, hosted by the American Chamber of Commerce and chaired by Tarek Tawfik, Kouchouk emphasized that broad alignment across government and the private sector is driving long-term economic competitiveness, a core objective of the country’s ongoing reform agenda. As of late 2024, reform measures have begun, as Kouchouk unveiled a comprehensive package of new tax incentives in late 2024, aimed at strengthening trust and deepening collaboration between the government, the private sector, and potential investors, signaling the country’s continued commitment to economic reform and growth. These measures focus primarily on small and medium enterprises (SMEs), startups, and informal businesses, with the goal of simplifying tax compliance, reducing financial burdens, and encouraging formalization of the economy. The new tax facilitation package is anchored by Law No. 6 of 2025, which introduces a range of tax benefits for enterprises with annual turnover not exceeding EGP 20 million (USD 401,935).Continue reading "Egypt Launches New Tax Incentives to Boost Investment and Support Small Businesses"
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