The tax facilitation package, central to the Ministry’s reform strategy, consists of 20 measures to be implemented throughout FY2024/2025.
The newly approved legislation specifically targets businesses with annual revenues not exceeding EGP 15 million, he said during the weekly PM news conference.
Strengthening the buffers of Egypt is the first line of defense that could help the Egyptian economy withstand any additional external shock, he added.
During the upcoming visit of IMF Managing Director Kristalina Georgieva to Cairo, expected to happen in early November, discussions will focus on the readiness of Egypt's social protection programs.
Al Mashat presented the country’s recent economic and structural reforms, emphasizing the government's efforts to strengthen macroeconomic stability, enhance the business environment, and build a competitive, investment-friendly economy.
