Egypt Unveils Comprehensive Tax Relief Package to Boost Foreign Investment

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Egypt Unveils Comprehensive Tax Relief Package to Boost Foreign Investment

Egypt will introduce a tax relief package to make the tax system clearer and attract more foreign investment, effective next month according to sources.  Finance Minister Ahmed Kouchouk and Rasha Abdel Aal, head of the Egyptian Tax Authority, are leading efforts to reduce red tape and focus on high-risk cases for audits, making it easier for businesses. Additionally, the process for tax refunds will be simplified, with expectations to quadruple …