- Egypt plans an “exceptional” reduction in budget debt and introduces a second package of tax reforms.
- VAT on medical equipment is reduced from 14% to 5%.
- New incentives aim to encourage major companies to list on the Egyptian Exchange.
- Simplified tax system and additional incentives are provided for small businesses and startups.
- Property tax compliance will be digitized, but the 2.5% tax rate on property disposals remains unchanged.
Source: zawya.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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