Moustafa Hosny - - Tax services and everything related to taxes
Egypt's tax exemption scheme reduces the nominal corporate tax rate to 16% and the value-added tax rate to zero%.
Egypt is striving to offer a comprehensive package of incentives to investors, extending beyond tax cuts to include regulatory reforms and infrastructure development. Regarding taxes, the circulating claims about reducing the nominal corporate income tax to as low as 16% or the value-added tax to 0% require careful clarification. While the standard corporate income tax rate is 22.5%1 and the standard VAT rate is 14%, several mechanisms could significantly reduce the effective tax burden. These include:
Tamer mohamednosair - - Tax services and everything related to taxes
Tax Burdens Imposed on Labor Supply Companies in Egypt
Skilled labor supply companies face a complex set of tax burdens that directly impact the cost of their services and their competitiveness. The current Egyptian tax law is robust in supporting economic growth, but it also imposes significant financial and procedural obligations.
Tamer mohamednosair - - Tax services and everything related to taxes
The new tax facilitation package encourages investment
The successes achieved in the first package, which was aimed at supporting medium and small businesses, especially that this initiative aims to stimulate voluntary compliance, reduce procedural burdens, and create a more flexible and balanced environment in the relationship between the financier and the tax administration
Ashraf Hagar - - General Topics
Zero value added tax for exported services stimulates the economy
In light of the global economic challenges and the relentless pursuit of increasing the state's foreign exchange resources, the importance of encouraging non-traditional export activities, especially the exporting services provided by Egyptian companies to customers outside the country, as an effective tool to attract hard currency, highlights the importance of encouraging non-traditional export activities