Soft Launch
 
A surge is achieved in all indicators of State budget in Q1 FY18/19, announced Finance Minister Dr. Maait 29/11/2018
Finance Minister Dr. Maait highlighted that all performance indicators of the State budget witnessed a leap over Q1 FY18/19. Total budget deficit declined to 1.9% of GDP as compared to an average of 2.3% over the last three years.

Minister of Finance: New Community Participation and Additional Resources Without affecting the poor, are the Objectives of the Additional 5 %Tax 19/11/2018
Minister of Finance, Mr. Hany Kadry Demian confirmed that the draft law regarding the introduction of the additional 5 % Tax on individuals whose year income exceeds one million EGP, targeting three main pillars

Egypt to tender for first car scrapping centre 19/11/2018
CAIRO - Egypt plans to tender for its first car scrapping centre, the state news agency MENA quoted the finance minister as saying.

Online submittal system of tax returns is obligatory and binding to legal persons as of 1st October via Egyptian Tax Authority website, announces Ministry of Finance 02/10/2018
As of Monday 1st of October 2018, the Egyptian Tax Authority (ETA) and all its affiliate tax directorates shall start to apply an online submittal system for tax returns. This shall be binding for taxpayers registered at the Authority through its website: "http://www.incometax.gov.eg"

Real Estate Tax Law sets many mechanisms for protecting Egypt's real estate assets, announces Finance Minister, Dr Maait 25/09/2018
Minister of Finance, Dr. Mohammed Maait, notes that despite the fact that Real Estate Tax Law, issued in 2008, was first suspended and undergone afterwards many legislative amendments, key concepts and provisions of the same are still provided for therein; most significantly, entailing an expenditure mechanism for the maintenance of real estate properties. Namely, 30% of the annual rental value for a residential unit and 32% for non- residential ones shall be allocated for maintenance expenses paid by ta

President Al-Sisi issues new custom tariff, to be applied at present at all custom outlets, announces Finance Minister 17/09/2018
State President Abdul Fattah Al-Sisi has recently issued a new custom tariff under decision no. 419/2018, within the framework of Egypt's engagement to the Harmonized Commodity Description and Coding System, via HS code 2017.

Minister of Finance Announces: Government contracting Law meets reform and transparency goals 12/09/2018
Minister of Finance, Dr. Mohamed Maait, stresses that the governmental contracting law is considered a significant progress in the performance of the contracting system for entities subject to its provisions. The said law shall contribute in achieving the set goals of the reform program, which mainly aim at increasing development rates, upgrading the economy's structure and boosting productivity and competitiveness rates in conformity with the sustainable development strategy "Egypt Vision 2030", the minist

Largest Budget Ever in Egypt History is implemented by EGP 1.42 trillion, Announces Finance Minister Dr. Maait 09/07/2018
Finance ministry, Dr. Mohammed Maait, has recently announced the implementation of the new budget for the 2018/19 fiscal year with a total of EGP 1.42 trillion in expenditures, an increase of EGP 200 billion from last year

4 Billion EGP Allocated from State Treasury for Putting Tax Deduction Law into Effect as of July 2018, announces Finance Minister Dr. Maait 08/07/2018
Egyptian Tax Authority is set to issue a circular on procedures of implementing the law related to increasing limits of tax exemption rates in order to lighten tax burdens sustained by citizens. As many as 5.5 million public sector employees as well as 2.5 million private sector workers shall benefit from the new lower deduction rates.

Finance Minister's Announcements in "Inclusive Growth and Job Creation Conference" in Egypt 10/05/2018
Finance Minister, Mr. Amr Al-Garhy, confirms that the success of the government's ongoing economic and social economic program is attributed to the political leadership's continuous support and keenness to confront society with challenges of reform that remained at a standstill in pervious eras.

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