The minister revealed that more than 600,000 taxpayers have voluntarily submitted new or amended tax returns, resulting in approximately EGP 80bn in additional tax payments. The government is also set to launch three advanced tax centres managed by e-Tax to provide specialised services on behalf of the Egyptian Tax Authority. Further incentives aimed at reducing the burden on the private sector include:Reducing value-added tax (VAT) on medical machinery and equipment from 14% to 5% to support expansion in the healthcare sector. Deducting interest on foreign loans from the tax base for private sector companies participating in strategic projects. Henno affirmed the association’s support for the government’s programme to build a competitive economy through investment promotion and foreign trade.

Source: Daily News Egypt March 09, 2026 18:20 UTC