Egypt's Finance Minister Ahmed Kouchouk announced new incentive measures to stimulate productive sectors and bolster entrepreneurship. The ministry is partnering with the Micro, Small and Medium Enterprise Development Agency on an initiative offering affordable financing for youth. Incentives will soon target the first 100,000 new taxpayers joining the simplified system.
During an open dialogue with representatives of technology companies, Kouchouk stressed that broadening the tax base remains a top priority, pursued through a genuine partnership with the business community. He noted that the integrated, simplified tax system has already shown strong success, with new incentives forthcoming for the first 100,000 new taxpayers joining this framework.
The minister added that the ministry aims to establish specialised, technology-driven customer service centres within the Tax Authority and Customs Authority to provide more efficient services and simplify procedures, expanding them gradually. The second package of tax facilitations will be presented for community dialogue in December, targeting committed, long-standing taxpayers, offering practical solutions to ongoing tax challenges and incentives for activities like registration and stock market dealings.
Kouchouk also highlighted the development of a comprehensive risk-management system to support consistently compliant investors through a targeted, data-driven approach. He confirmed that the property tax system will soon integrate a new mobile application for simplified, user-friendly services. The minister emphasised the growing role of artificial intelligence in enhancing information accessibility for investors and stakeholders. The ministry now monitors state budget revenues and expenditures in real time, enabling more accurate decision-making. The vast data from digitisation offers a major opportunity for AI-powered analytics to improve forecasting, streamline services, and address citizens' needs.