17 Hrs
Source:
بوابة الفجر
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Mustafa Fikri on Tax Instruments
President Abdel Fattah El-Sisi has approved the issuance of tax-backed bonds in Egypt, representing an important step toward developing the financial and tax systems. These bonds aim to raise current funding for the state by discounting future tax receivables, while offering a suitable return to investors, reducing dependence on traditional borrowing tools, and thus lowering borrowing costs. The Ministry of Finance and the Tax Authority will soon begin establishing the rules and implementing regulations that define subscription terms, bond value, maturity period, and interest rate, relying on digital transformation to ensure transparency and oversight. The success of this instrument depends on offering attractive returns, safeguarding the rights of investors and the state, and setting clear and stable rules to prevent misuse, all in order to achieve low-cost financing and improve overall liquidity management.
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