Tax Authority ends estimated accounting in 2028
The Egyptian Tax Authority announces that starting from the 2028 fiscal year, Article 18 of the Income Tax Law, which previously allowed for the issuance of instructions for estimated and quasi-estimated accounting, will be repealed. This step aims to eliminate tax disputes and promote digital transformation. The new system will be based on the assumption of compliance with organized books, records, and digital systems, and the previous minimum bookkeeping threshold of 500,000 Egyptian pounds will be removed. All taxpayers will be required to adhere to these regulations. Additionally, the Tax Authority has called on small project owners to take advantage of legal facilitation measures that make it easier for them to integrate smoothly into the official system.
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