The Egyptian Cabinet approved a draft law amending some provisions of the Income Tax Law, including labor law and the termination of tax disputes, after the Ministry of Finance studied all the observations made by a number of ministers, during a review of the bill at a previous meeting.
This comes within the state’s commitment to improving the tax system and adopting modern systems that achieve efficiency, ease and accuracy in tax collection, in a manner that ensures the development of state resources, social justice and economic development, and aims to keep pace with the changes and developments it is witnessing.
The amendments support investors and overcoming the obstacles they face, supporting the investment process in the capital market and increasing the demand for trading.
They provide an additional package of incentives to encourage investment in the stock market, whether at the level of natural persons or institutions through specialized investment funds, by dealing with many obstacles that were facing investment funds and impeding their growth, in addition to approving many of the advantages mentioned by the project, as well as tightening the tax control.