Egypt

Egypt

Issues new incentives for strategic industries

27 Aug 2023

On 27 August 2023, the President of Egypt directed the Government to implement a package of incentives, including tax exemptions, to support projects in strategic industries. As per the directives, these projects will be exempted from all taxes except the value-added tax (VAT) for up to five years. The exemption will be applied only to projects that are implemented and begin operations within a maximum period of three years, based on their size.