1 Day
Source:
المصري اليوم
_1777352244987_250242181.png&w=48&q=75){kind=small}
Al-Nuwaab Approves Income Tax Law
The House of Representatives has given final approval to the amendment of the Income Tax Law issued by Law No. 91 of 2005, aiming to simplify tax procedures and stimulate investment. The amendments include increasing the maximum deductible bad debt limit from 5,000 to 10,000 Egyptian pounds, abolishing some conditions to reduce burdens on taxpayers, and canceling the capital gains tax on securities listed on the stock exchange, as well as providing incentives for investors in unlisted securities. The amendments also focus on encouraging holding companies and achieving a balance between maintaining public revenues and fostering economic growth.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)