Egypt MOF Issues Guide on Tax Benefits, Incentives for Investors

The Egyptian Ministry of Finance Dec. 12 posted a guide on tax benefits and incentives for investors. Topics covered include: 1) eligibility criteria and procedures for incentives; 2) capital gains from commercial and industrial activity; 3) deduction of qualifying costs of production equipment and machinery; 4) deduction of bad debts that are excluded from accounts; 5) benefits and incentives for taxes withheld from qualifying sources of payment; 6) tax payment agreements, including waivers of penalties for payment of outstanding taxes; 7) exemptions and deductions for joint stock companies; 8) descriptions of goods and services exempt from VAT, or subject to ...