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Egypt’s suite of green hydrogen tax incentives signed into law by president

Developers that meet local content and foreign financing requirements can access a credit of up to 55%.
31.01.24 | Source: Hydrogen insight

Egypt’s President Abdel Fattah El-Sisi has signed a suite of tax incentives for green hydrogen projects into law, including a credit of 33-55% off the tax paid on a project, in a bid to spur development.

The legislation also allows VAT exemptions on equipment, tools, machines, raw materials and transport — but not passenger cars — used for project development, as well as exports of renewable H2 and its derivatives.