Finance Minister confirms approval of draft law canceling preferential tax treatment for state-owned companies

gyptian Minister of Finance, Mohamed Maait has confirmed that a draft law revoking fee and tax exemptions for economic or investment activities by state-owned companies has been approved by the House of Representatives.

This comes after Prime Minister Mostafa Madbouly announced the draft law’s approval in a conference on Tuesday, adding that the government will bear the property tax for 20 industrial sectors.