24 Hrs
Source:
بوابة الفجر
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Sisi approves tax bonds to cut debt costs
President Abdel Fattah El Sisi has approved the issuance of tax bonds financed by taxpayers, where their value is deducted from their future tax obligations. The aim is to develop financing tools, reduce funding needs, and lower the cost of debt servicing. This measures comes as part of the state's efforts to improve financial resource management and decrease financing burdens, with an emphasis on ensuring that the returns on the bonds are attractive to investors. The meeting also discussed the progress in implementing the package of facilities related to property tax, including the launch of a mobile electronic system to facilitate payment processes and interactions with tax services, as part of the digital transformation initiative to develop the tax system and enhance the taxpayers' experience.
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