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Egypt Introducing Simplified Tax Regime for Smaller Taxpayers and Increased Threshold for Transfer Pricing Study

|Approved Changes|Egypt
Egypt

On 11 September 2024, the Egyptian Ministry of Finance announced a package of measures to support businesses and simplify procedures. This includes the introduction of a simplified and integrated tax system for smaller taxpayers with annual turnover not exceeding EGP 15 million, including small and micro enterprises, entrepreneurs, and professionals. Further incentives will be provided to integrate the informal economy, including through the waiver of penalties on the submission or amendment…

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