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بوابة الشروق
Tax Authority Advisor: Facilitations Not for Revenue Increase
The advisor to the Chairman of the Egyptian Tax Authority, Saeed Fouad, confirmed that the current tax incentives are not aimed at immediately increasing revenue. Instead, their goal is to attract new investments and integrate the informal economy into the official system. He explained that the measures include incentives for income tax and value-added tax, as well as encouraging participation in the stock exchange. These include offering a 15% cash incentive to new investors, abolishing capital gains tax on securities listed on the stock exchange, and replacing it with a simple stamp duty tax. The package aims to stimulate the economy, attract investors, and strengthen the stability of the financial markets.
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