Arab Finance: Saeed Fouad, advisor to the head of the Egyptian Tax Authority, said that the mechanisms for implementing the new tax facilitation package will be announced next week, which does not include an adjustment in tax rates, according to what was reported by Eqtisad Al-Sharq.
Ahmed Kouchouk, Minister of Finance, had said in his previous statements that there are 3 main priorities for financial policies During the coming period; With the aim of enhancing economic stability for the benefit of citizens and investors, within the framework of the government’s work programme, he explained that a new page will be started between the Tax Authority and the business community, based on “partnership, support and certainty”, in order to achieve a tangible improvement on the ground in the quality of tax services provided to the business community and speedy completion. Files and disputes.
The minister added that we are working on formulating an integrated, coherent and ambitious strategy to reduce the rate and burden of debt to the domestic product, pointing out that there are innovative ideas and measures to diversify the tools available in the local market, such as green bonds and bonds, and we aim to work on converting some debts into investments, and diversifying financing tools, sources, currencies and markets. and investor segments.
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