Tax
From The Report: Egypt 2019
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In conjunction with RSM, this chapter explores the taxation system and Egypt’s efforts to build an investor-friendly environment. It also contains a viewpoint with Cherif Hammouda, Managing Partner, RSM Egypt.

Articles from this Chapter

Overview

Marginal gains: A summary of current tax laws and regulations
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In the past few years several changes have been made to Egyptian law to reshape the tax system. These reforms are important in light of changes that have recently been implemented in the field of taxation on a global level, due to significant and persistent fluctuations in the world economy. Corporate Income Tax (CIT) CIT is imposed on companies that are considered to be tax residents in Egypt and applies to all profits and income realised in Egypt and abroad. In addition, companies that…

Viewpoint

Clear trajectory: Cherif Hammouda, Managing Partner, RSM Egypt, on using tax digitalisation to improve transparency and competitiveness
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Viewpoint:Cherif Hammouda One of the most important changes to take place recently is the digitisation of tax, a process which began in Egypt only in mid 2018. The tax rate in Egypt is lower than a number of other countries around the world, which is important in boosting the country’s competitiveness. However, in the past the difficulty associated with filing taxes has counteracted these competitive tax rates. Digitalisation aims to simplify taxes and reduce the bureaucracy and time associated…