The “2024/2030” tax file is currently the subject of an in-depth study by the Egyptian Minister of Finance, Mohamed Maait. Contrary to what circulated on social networks, he made it clear that the document shared online was only a first draft dating back several months and having undergone numerous modifications since.
According to the minister, this tax policy is a delicate subject which requires careful analysis by the Ministry of Finance in order to clearly define its objectives for the next six years. The Supreme Commission responsible for preparing the tax file is currently working to refine the document before launching the community dialogue in the coming weeks.
Mohamed Maait said: “We will present the document as soon as it is finalized in its final form.” He also stressed the importance of drawing inspiration from international best practices to ensure the stability of tax policies, improve the business climate and attract more investments.
Transparency and consultation with stakeholders will be essential in this process, to ensure that future tax policy reflects the needs and expectations of the community. This document should therefore be a key tool to guide the Egyptian government’s financial decisions in the years to come.
Indeed, the development of a clear and coherent tax policy is crucial to ensure the country’s economic growth and promote an environment conducive to investments. The tax measures adopted will have a significant impact on businesses, citizens and the economy as a whole, hence the importance of carrying out in-depth consultations and adopting a well-considered approach in this area.
It is therefore essential that the Egyptian government ensures that this tax file is developed rigorously and in consultation with all relevant stakeholders. This approach will ensure that future tax policy is equitable, effective and truly contributes to the country’s socio-economic growth.