Chaired by the Prime Minister, the council will include heads of the Federation of Egyptian Chambers of Commerce, Federation of Egyptian Industries, and Egyptian Federation of Investors Associations
Under the new provisions, establishments with a business turnover below EGP 250,000 will be subject to an annual tax of EGP 1,000
The primary goal of this digitization effort is to enhance the financial resources of the Egyptian state.
These strides have not only streamlined processes for taxpayers but have also delivered substantial benefits across a range of industrial sectors.
Egypt's general state budget shows significant growth with an 18.5% increase in revenue and a 21.9% surge in tax revenues, bolstering fiscal stability and debt reduction efforts.
