Egypt Announces New Tax Incentives for Industrial Projects

February 4, 2024
Egyptian Cabinet issued Decree No. 77 of 2023 ("Decree") granting new tax incentives (“Tax Incentives”) to the industrial investment projects and their expansions. The Decree comes without prejudice to the recent in...

Temporary Real Estate Tax Exemption for Industrial Projects

October 22, 2022
In an endeavor to encourage the localization of the industry, the Cabinet issues new decree granting industrial projects in certain sectors a three-year exemption from the real estate tax imposed by virtue of the Re...

Egypt – Cabinet Confirms that Green Hydrogen and Green Ammonia Projects can benefit from Tax Incentives under the Investment Law

June 19, 2022
The Prime Minister announced that companies operating in the following green energy project will benefit from the tax incentives stipulated under the Investment Law No. 72 for 2017: The production, storage and expor...

Capital Gain Tax and Stamp Tax on Trading Securities

January 30, 2022
In 2014, the Egyptian Income Tax Law No. 91 for 2005 (“Income Tax Law”) was amended to apply capital gain tax (“CGT”) on the gains realized from the disposal of shares. The tax rate differs depending on the shares b...

Egypt Increases the Customs Tariff on Solar Panels – Is It 5% or 2%

January 30, 2022
According to Article 5 of Decree No. 419 of 2018 regulating Customs Tariff (“Customs Tariff Decree”), renewable energy machines and equipment (solar and wind) are subject to a flat rate of 2% or the regular customs...

Egypt’s Investment Regulations

November 20, 2021
IntroductionScope of ApplicationInvestment Law Objectives and PrinciplesInvestment GuaranteesInvestment IncentivesExpansion of Existing ProjectsCorporate Social ResponsibilityFDI Reporting RequirementsReturn of Priv...

The New E-Invoice System in Egypt

September 26, 2021
Introduction As part of Egypt’s digital transformation, the Minister of Finance issued Decree no. 188/2020 in March 2020 to require VAT taxpayers to issue e-invoices. This Decree has delegated the Chairman of the Eg...