Egypt’s industry Min. reviews tax brackets in the Medium, Small Enterprises Law

SourceEgypt Today
SectorEconomy
CountryEgypt

MSMEDA Director Nevine Gamea - Egypt Today CAIRO – 12 January 2021: The Small, Medium, and Micro Enterprises Development Law provides an integrated package of facilities and advantages for project owners, the most important of which are the tax advantages and incentives announced by the Ministry of Finance, Minister of Trade and Industry and CEO of the Small, Medium and Micro Enterprises Development Agency Nevine Gamea stated.   Gamea said that the law provides a simplified tax system for the medium, small and micro enterprises sector, and the volume of sales or business is determined through a simplified tax return that the project owner prepares once a year and does not require books, documents or purchase invoices.   She explained that according to the new law, if sales or businesses are less than LE 250,000, the tax is LE 1,000 annually, and if it is less than LE 500,000, the tax is LE 2,500, and if it is less than LE ...read more...