Egypt: El-Sisi Endorses Second Phase of Tax Incentives to Strengthen Investor Confidence

President Abdel-Fattah El-Sisi has endorsed the rollout of a second package of tax incentives aimed at rewarding compliant taxpayers and deepening trust between the State and the business community.
During a high-level meeting on Sunday, November 30, with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk, the President reviewed the core elements of the initiative, which forms part of a four-stage programme designed to modernise Egypt’s tax ecosystem and boost voluntary compliance.
The new phase seeks to streamline administrative procedures, expand digital services and widen the taxpayer base while preserving measures that encourage long-term adherence. Kouchouk outlined the tangible gains of the first round of facilitations, noting that 400,000 legacy tax files had been settled voluntarily, 650,000 taxpayers submitted fresh or amended declarations, and revenues rose by EGP 78 billion. He added that business registrations worth EGP 1 trillion were recorded, reflecting enhanced confidence in the system.
The second batch of measures will introduce more efficient VAT refund processes, premium service centres for top-tier taxpayers, and additional incentives tailored to the needs of businesses, accountants, and tax specialists. El-Sisi instructed the government to sustain momentum by expanding digital integration, reinforcing transparency and strengthening investor confidence. Preparations for property-tax reforms were also reviewed, including higher exemption thresholds for private residences, simplified procedures, a seven-year valuation cycle, and capped late-payment penalties.
Kouchouk further highlighted improving macroeconomic indicators, citing a 73 percent surge in private investment last fiscal year and progress on reducing public-debt ratios. He pointed to major investment agreements, including the Ras El-Hekma and Alam Al-Roum projects, as evidence of renewed investor optimism. Plans to upgrade the customs system—through faster clearance, digital expansion, unified inspections and enhanced anti-smuggling oversight—were also presented, alongside commitments to advanced technical training for customs personnel. El-Sisi concluded the meeting by directing the government to build on positive economic trends, accelerate digital transformation across the Finance Ministry, and prioritise human-capital development through innovative training and development programmes.