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Al-Sisi OKs tax bonds and third aid plan
President Abdel Fattah El-Sisi of Egypt has approved the issuance of tax bonds, financed by investors and deducted from their future tax liabilities. This aims to reduce funding needs and lower the debt service bill. This move is part of the government's efforts to enhance financial stability and stimulate economic growth, alongside implementing the second package of tax incentives, which reflects the state's approach to supporting the business environment and easing tax procedures. Additionally, electronic systems have been launched to facilitate real estate transactions. The President also emphasized the importance of continuing to develop and improve these systems, with the upcoming launch of a third package of tax incentives designed to build trust and attract investors.
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