Dr. Maged Abdel-Azim, a professor of economics, announced a new package of tax incentives introduced by the government for the upcoming fiscal year. These measures aim to stimulate the investment climate and strengthen the formal economy. Speaking on “Extra Live” TV, Abdel-Azim explained that the incentives are designed to simplify tax procedures and provide encouragement for both local and foreign investments. He noted that the government seeks to register previously unlisted activities within the tax system, helping to reduce the informal economy and boost state revenues. The new adjustments include reducing tax burdens on companies, particularly small and medium-sized enterprises, and streamlining procedures to improve the investment environment through supportive policies. Abdel-Azim emphasized that economic and security stability is the primary driver for attracting investors to the Egyptian market, with tax incentives playing a crucial role in sustaining investment activities.
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