Kouchouk announced at a panel discussion on investment and
export promotion during the “Industry and Transport” Conference that
medium-term strategies, beginning with debt management, will be revealed before
the end of December. He added that the tax policy document is scheduled for
release during the first quarter of the next fiscal year, aiming to launch the
medium-term fiscal framework at the start of the new fiscal year.
He further explained that the government is pursuing tax
policies that support economic activity and provide investors with comprehensive
financial indicators. He noted that the second package of tax incentives will
be presented to the political leadership and the Cabinet this month. Measures
will also focus on stimulating the capital market, supporting listed companies,
and improving Value Added Tax (VAT) refunds for taxpayers.
Kouchouk emphasized that manufacturing and exports remain
national priorities. He noted that the significant expansion in production
rates and volumes enhances the competitiveness of Egyptian products in both
local and international markets. He added that the government is working to
provide companies and factories with greater support to incentivize production.
Sherif El-Kilany, Deputy Minister for Tax Policies, stated
that the first package of tax incentives encouraged voluntary compliance among
taxpayers. He added that a fundamental transformation has been achieved in the
tax system through electronic invoicing, e-receipts, and a risk-based audit
system.
Ahmed Amawi, Head of the Customs Authority, explained that
the government aims to enhance foreign trade of Egyptian products through
streamlined customs procedures. He emphasized maintaining a balance between
deepening domestic industry and supporting the competitiveness of exports.
Amawi also noted that a new customs incentive package will soon be launched to
benefit the business community and strengthen the investment environment.