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The Egyptian Tax Authority announced the issuance of temporary tax cards for a period of 8 months to support investors. The goal is to facilitate the process of establishing companies and attract both domestic and foreign investments. The temporary card targets activities that require licensing and possession certificates, and it is issued as a temporary measure before applying for the permanent card, which has a validity of up to five years. Additionally, it was announced that the electronic system for issuing electronic invoices and receipts to holders of the temporary card has been closed until they complete their procedures and transition to the permanent card. This measure aims to ensure a balance between easing procedures and maintaining governance, while also encouraging activities of a special nature.
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