Egypt Private Investment Grows 73% as Government Flags Further Tax Cuts - Dailynewsegypt

Egypt reports surge in tax revenue and private investment

Tax reforms in Egypt have tempted more than half a million taxpayers to disclose their income and support the state coffers with large sums. The ministry said about 600,000 Egyptian tax payers have voluntarily submitted new or revised tax declarations, implemented at the request of the International Monetary Fund, and have paid additional taxes of nearly EGP80 billion ($1.6 billion). “Their revised declarations showed that their business turnove…

Egypt private investment grows 73% as government flags further tax cuts - Dailynewsegypt

Egypt’s private sector investments surged by 73% during the previous fiscal year and continued to grow at a rate of 42% in the first quarter of the current year, Finance Minister Ahmed Kouchouk said on Monday. Speaking at an Alexandria Businessmen’s Association (ABA) event, Kouchouk stated that the "bet on the private sector" to drive

Supporting private sector role via fresh investment, tax incentives - Finance Min.

Minister of Finance, Ahmed Kouchouk, has said relying on the private sector to drive growth and boost the competitiveness of the Egyptian economy has always been’ a winning strategy.” Addressing an iftar hosted by the Alexandria Businessmen Association, Kouchouk noted that the government’s economic ministerial group is hard at work to expand the private sector’s role and strengthen partnerships with investors through initiatives that encourage i…