Dr. Maait at the annual conference of the Egyptian Tax Association in Alexandria: 

A presidential assignment to prepare a new package for social protection to alleviate the burdens on citizens
Presidential directives include improving wages and pensions and raising the limit of tax exemption again
Launching a community dialogue on the state’s general budget project to determine the priorities of public spending
We will submit to Parliament a structural reform of the state's public finances before the end of the current fiscal year
Preparing a draft law to renew the work of the law to terminate tax disputes without resorting to the courts
Extending the work with the state treasury of the real estate tax on industrial and poultry projects until the end of 2026.

Submit Egypt's tax policy strategy 2024/2030 for community dialogue next month
The new draft law on income tax is offered for community dialogue during the next month
Financial, tax and customs policies are more motivated by investment, production and export
Providing financial and investment incentives ... for sectors of strategic importance and global competitiveness.
We target more investment flows to the private sector ... the locomotive of economic recovery and sustainable growth.

Automated systems helped increase customs revenues by 129% and tax revenues by 26.9% during the last fiscal year without additional burdens on investors.

we are Committed to accelerating the pace of customs release of strategic goods, medicines and production requirements.

 Customs release of goods worth $ 72.4 billion during the period from January to December 26, 2023. 

Dr. Mohamed Moait, Minister of Finance, confirmed that there is a presidential mandate to prepare a new package for social protection that includes improving wages and pensions and raising the limit of tax exemption again; to alleviate the burdens on citizens as much as possible, indicating his keenness to launch a community dialogue on the state budget project for the fiscal year 2024/2025; to determine the priorities of public spending; in line with the strategic targets of the new republic.
The minister said, during the annual conference of the Egyptian Tax Association, which is headed by Dr. Ahmed Shawky, in the presence of El -Shahat Ghatouri, commissionier of the Customs Authority, Anwar Fawzi, commissionier of the Real Estate Tax Authority, Rasha Abdel -All, Acting commissionier of the Egyptian Tax Authority, and Hisham Al -Rijal, Advisor to the President of "Somid" Company, President of the Financial Sector: We will apply to the Parliament a structural reform of the state's public finances before the end of the current fiscal year, explaining that the tax policy strategy for Egypt 2024/2030 will be offered for community dialogue next month.

The minister added that we are working to complete the comprehensive and integrated development that we started to improve the tax and customs system; Based on a firm commitment to establishing the pillars of tax and customs policies more stable and stimulating investment, consistent with more financial policies in support of productive and export activities, based on providing financial and investment incentives, related to real targets of sectors of strategic and global competitiveness, pointing out that we are aimed at establishing systems that are more focused On the mechanized tax and customs solutions and the use of some artificial intelligence applications to release the state’s public treasury dues “with what God is satisfied”, in a way that enhances the course of inventory the real size of the Egyptian economy by integrating informal activities, and contributes to attracting more investment flows to the private sector .. the locomotive of economic recovery and growth Sustainable. 

The minister said that these electronic systems raised tax revenues during the past fiscal year by 26.9 % without additional burdens on investors, as they helped increase the revenues of real estate actions by 43.6 %, and the mechanization of the gold sector system also led to the increase in revenues by 67 %, in addition to the machine of the stock exchange sector for unrestricted shares also led to a significant improvement in the total payments in the Egyptian and foreign currencies, explaining that the mechanized tax systems help us accelerate the procedures for the tax examination, while targeting their completion annually, and a new law has been approved, which enhances efforts to end the accumulated tax files , it provides for dealing with any facilities and companies whose annual business number does not exceed 10 million pounds, with a simplified peremptory tax system, and the executive instructions have been issued in this regard.

The minister added, that the number of registered in the electronic bill system reached half a million with a high commitment rate, which was reflected in the number of electronic bills documents, which is close to one billion documents so far, and the total number of registered in the e -commerce activities system has reached about 40 thousand cases since the work of a unit began E -commerce in the Tax Authority in June 2021, pointing out that the electronic bills governance platform was launched in the administrative authorities «SPGS», to link it with the electronic bill. This contributes to the optimal exploitation of state resources.

The minister added that the Ministry of Finance submitted to the Council of Ministers a draft decision to extend the work of the State Treasury to bear the real estate tax for industrial projects, poultry and other sectors until the end of 2026 in support and encouragement of industry and poultry wealth.

The minister pointed out that the Tax Authority has approached the completion of a new income tax bill, and it will be offered for community dialogue during the next month, to agree to it before taking the necessary measures to refer it to the Cabinet, then the parilmanet, explaining that we are proceeding to take the necessary legal measures to exempt strategic industrial projects from some types of taxes, for a period of 5 years, and the Ministry of Finance began to create a "clearing" system between investor dues, and their tax burdens or others for the benefit of government agencies, with a 45 -day time limit that guarantees the speed of returning value -added tax, and there is an "investment incentive" by 33 % to 55 % of the tax due on the profit gained from green hydrogen and strategic industries, In addition to dropping the value -added tax that is not paid on the machines and equipment received from abroad for use in industrial production immediately after the start of production, subjecting the goods or services that are exported by the projects of economic areas with a special nature abroad, or received, for the tax at the price of "zero", and renewing the work of the investment law No. 72 of 2017, which includes a percentage of the value of investment costs, amounting to 50 % of the tax subject to projects in regions A and B.
The minister stressed that we are keen to build and develop the customs capabilities of Egypt; by creating logistical centers, linking all ports electronically via the unified platform "Nafeza", applying the "ACI" system, with the aim of reducing the average time of customs release, and obliging all importers to European and American standards in the specifications of goods and goods quality; In order to protect the local markets from poor products, pointing out that 50 customs applications have been settled and unified with "importing" and "exporting" systems on the "Nafeza" platform, and it is now possible to perform the process of valuing the goods from any logistical center without adhering to the location of the goods, it has helped in increasing revenues with 129% during the the previous financial year with exceeding the targeted averages.

The minister added that we are committed to continuous work to accelerate the pace of customs release from strategic goods and medicines, petroleum materials and fuel, and production requirements for priority sectors; and this contributes to the rotation of the wheel of production and support for the national industry, securing the strategic stock of the state, and increasing the volume of supply of basic commodities in the local markets, where the period from January to 26 December 2023 witnessed the customs release of many goods with a total value of 72.4 billion dollars, including them Strategic commodities worth $ 19.1 billion, supplies and production materials of $ 33.3 billion.
Dr. Ahmed Shawky, President of the Egyptian Tax Association, expressed his appreciation to Dr. Mohamed Moait, the Minister of Finance, for his keenness to interact with the business community, and the great response to the constructive proposals it poses, and its adoption of the methodology of community dialogue on any draft laws or tax and customs decisions, pointing out that a business community Works greatly touch the tremendous development in tax and customs systems that are based on optimal employment of digital transformation.