From tax collection to fostering collaboration, Egypt’s new tax package is redefining the economic relationship between the state and its citizens. The reforms aim to shift from a system perceived as extractive toward one that encourages participation and transparency. By adjusting tax brackets, introducing incentives for compliance, and simplifying procedures, authorities hope to broaden the tax base and enhance public trust. Key measures include reduced rates for small businesses, digitalization of filing systems, and stronger safeguards against evasion. These changes are expected to increase revenue without overburdening lower-income groups. Officials argue this marks a move from mere revenue extraction to building a more inclusive fiscal framework. If implemented effectively, the package could strengthen economic resilience and improve governance.
— news from \”المصري اليوم\”