Simplified tax system could be applied to SMEs: Egypt’s Finance Minister

Simplified tax system could be applied to SMEs: Egypt’s Finance Minister

Egypt's Finance Minister Mohamed Maait has unveiled some of the new tax incentives included in the Micro, Small and Medium Enterprises (SMEs) Development Law.

The minister's breakdown of the incentives comes as part of the national campaign to create greater tax awareness in Egypt.

Maait said that Micro, Small and Medium Enterprises (MSMEs) can now benefit from a simplified tax system which will create greater confidence among their owners. The simplified system aims to develop MSMEs as pillars of economic growth, and which can generate jobs.