Investment cap, governance boost private investments to 63% of total in Q1 FY2024/25: Kouchouk
Updated 2/2/2025 2:42:00 PM
Arab Finance: Setting a limit for total investments and economic governance has contributed to raising private investments to 63% of total implemented investments during the first quarter (Q1) of the current fiscal year (FY) 2024/2025, Egyptian Minister of Finance Ahmed Kouchouk announced.
The finance ministry is working with the Ministry of Investment and Foreign Trade to count all fees to reduce them and unify the collection destination, he added.
The government is also targeting to launch the first package of tax facilities for both existing and new taxpayers, in addition to introducing mechanisms to end tax disputes. This move supports a stable investment environment, the minister said.
Moreover, the ministry aims to encourage startups, entrepreneurship, and small businesses with an integrated and simplified tax system, as per Kouchouk.
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