During an open forum with heads of investor associations from various governorates at the Federation, attended by Sherif El-Kilany, Deputy Minister for Tax Policies, Yasser Sobhy, Deputy Minister for Fiscal Policies, and Rasha Abdel Aal, Head of the Egyptian Tax Authority, the Minister affirmed their commitment to monitoring the real-world impact of this first tax relief package to ensure tangible improvements in tax services. He highlighted the goal of significantly expanding the tax base through a "trust and partnership" approach that encourages voluntary compliance.
He added that small enterprises, entrepreneurs, and startups
have been at the forefront of their priorities to stimulate their growth in the
Egyptian economy. He stressed that these "tax facilities" have
eliminated obstacles to small investor registration, with tax authorities
offering support and assistance. He clarified the existence of nine tax
exemptions within the first simplified and integrated tax system for businesses
with annual revenues up to 20 million Egyptian pounds.
Kochouk also mentioned the ongoing consideration of
additional incentives and financing support for the first 50,000 new
registrants under the simplified tax system. He confirmed that registered
taxpayers can access other state benefits in areas like financing and export.
For his part, Alaa El-Saqty, Head of the Small and Medium Enterprises Federation, underscored the importance of ensuring all SME owners benefit from these tax easements and incentives. He stated their commitment to direct communication and encouraging uptake of these advantages, noting that the Minister's new approach to tax matters is significantly driving economic activity and investment.