Egypt to Introduce New Tax Exemptions to Boost Industrial Sector

Egypt’s President Abdel-Fattah El-Sisi directed the cabinet to set new procedures and incentives to encourage investment in the industrial sector, according to a statement.

• Procedures include exemptions from various taxes for five years for industrial projects that target strategic industries: statement
  • Value-added taxes are not included in the exemptions
• Incentives also include the possibility of extending the exemption for an additional five years to projects achieving targets

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Abdel Latif Wahba in Cairo at alatifwahba@bloomberg.net

To contact the editors responsible for this story:
Max Zimmerman at mzimmerman90@bloomberg.net

Susanne Barton

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