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Egypt’s Finance Minister Ahmed Kouchouk has announced a new tax relief package aimed at streamlining the tax system and fostering greater trust and collaboration with the business community.

Kouchouk outlined the key elements of the package during the first of a series of meetings with representatives of the commercial and industrial sectors. He met on Sunday with the Federation of Egyptian Chambers of Commerce, led by Ahmed El-Wakil, and the Federation of Egyptian Industries, represented by board member Mohamed El-Bahy, and their delegations.

“We extend to you a hand of trust, partnership, and support with practical and simplified solutions that provide comprehensive solutions to tax challenges, contribute to improving tax services, and simplify and unify transactions in all areas and tax offices,” Kouchouk said. “This includes easy procedures for resolving accumulated tax disputes to drive economic activity.”

Kouchouk highlighted several key measures within the package, including provisions that ensure late payment fees and additional tax do not exceed the original tax amount, providing relief for taxpayers.

Additionally, the government will expand the scope of sample audits to include all compliant taxpayers with clear and specific criteria across all tax centres, regions, and offices.

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