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Safwan Thabet Faces 170M Pound Tax Dispute
Businessman Safwan Thabet, founder of Juhayna Food Industries, has been involved in a tax dispute lasting over 17 years with the Egyptian Tax Authority regarding a tax exemption obtained by a subsidiary at its establishment in 2008, valued at more than 170 million Egyptian pounds, including taxes, interest, and penalties. The company utilized the Investment Incentives Law, which granted it a ten-year exemption, but the Tax Authority refused to recognize the exemption for the years 2009-2014 and confirmed the tax claims. The dispute remains under review before appeal committees and relevant authorities, despite the company's profits and revenues increasing during the first half of 2026, and the presentation of legal documents supporting its position.
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