Speaking at the entrepreneurship and innovation platform, Abdel Aal stated that the authority is shifting toward a partnership model with the business community, prioritized by the Ministry of Finance to bolster investment.
A central feature of this shift is Law No. 6 of 2025, which
introduced a simplified tax regime for startups and small enterprises with
annual turnovers of up to 20 million pounds.
"The date of registration is now considered a new birth
certificate for these businesses," Abdel Aal said. Under the law, newly
registered entities are exempt from audits for previous years if they were not
already in the authority’s database.
The simplified system offers tiered income tax rates based on turnover: 0.4 percent for businesses earning less than 500,000 pounds, 1.5 percent for those earning up to 20 million pounds.
Additional benefits include a five-year audit exemption,
quarterly instead of monthly VAT filings, and exemptions from stamp duty and
dividend taxes.
Abdel Aal noted that enrollment in the system since its
February 2025 launch has exceeded expectations, particularly in the final
quarter of the year. She attributed this growth to successful digital
transformation efforts initiated in 2018, including the mandatory e-invoicing
and e-receipt systems which have replaced traditional inspection methods with
data-driven AI analysis.
The Authority’s e-commerce unit also participated in the
summit to provide technical support to content creators and digital platforms.
Abdel Aal confirmed that all tax filings, payments, and invoicing can now be
completed electronically via the Authority’s portal.
The discussion, moderated by CNN Business’s Lina Hasaballah, included senior tax officials and focused on integrating the informal economy into the state’s official financial framework to support the national treasury.