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بوابة أخبار اليوم
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President Sisi Announces New Tax Aid Package
President Abdel Fattah El-Sisi has ordered the launch of the third package of tax incentives to enhance the investment climate and stimulate economic growth in Egypt. The package includes measures to simplify procedures for using tax applications, such as real estate transaction taxes, as well as issuing tax instruments financed by taxpayers and deducted from their future dues. This aims to reduce financing needs and lower the debt service burden. The meeting also confirmed the government's success in reducing the debt of budgetary agencies by 13.2% over the past two years, along with a noticeable improvement in economic performance indicators, an increase in non-tax revenues, and the strengthening of the financial markets and stock exchange. The implementation of these new incentives is expected to support economic growth, attract investors, and achieve greater financial and economic stability in the country.
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