The newly approved legislation specifically targets businesses with annual revenues not exceeding EGP 15 million, he said during the weekly PM news conference.
El-Kilani shared that the tax facilitation package aims to establish a comprehensive tax system for businesses with annual revenues not exceeding EGP 15 million
The CBE governor also noted that it is in line with the central bank’s own efforts to enhance the accessibility to financing opportunities for female entrepreneur
Under the new provisions, establishments with a business turnover below EGP 250,000 will be subject to an annual tax of EGP 1,000
These agreements came as follows: the first funding, worth EGP 100 million, to finance the micro project in all governorates. The second funding, worth EGP 60 million, was allocated to women in all governorates within the framework of the project to support women in microfinance.
