Back to the complete issue
Thursday, 1 March 2018

Smart policy: Finance Ministry could grant full tax exemptions to SMEs under certain conditions

One of the smartest policy proposals we’ve heard: The Finance Ministry hinted that it would be willing to grant SMEs full or partial tax exemptions under certain conditions in the SME taxation framework the ministry is currently developing. “The new framework could see provisions for partial or full tax exemptions,” said Vice Minister of Finance Amr El Monayer on Wednesday, AMAY reports. The level of incentives provided in the framework would be pegged to how far the business has come towards registration and entering the tax system, El Monayer added. The ministry also plans to simplify the paperwork SMEs need to file to become part of the tax system, he said.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.