120,000 taxpayers voluntarily join simplified tax system: Finance Minister

Egypt’s Minister of Finance Ahmed Kouchouk said that the Egyptian government is maintaining direct communication with investors to tackle tax, customs, and financial challenges through practical, actionable solutions. Speaking at the annual conference of the Federation of Small and Medium Enterprises Investors, which brought together entrepreneurs from across the governorates, Kouchouk praised the open dialogue with “ambitious investors” seeking to expand and grow.

“Last year, we promised the first package of tax facilitation measures, and together we delivered on that promise,” Kouchouk said, noting that the positive results confirm that “betting on the private sector always pays off.”

He explained that 120,000 taxpayers have voluntarily joined the simplified tax system. Additional financing initiatives have also been introduced to encourage further participation in this advanced and incentivised framework. Under the programme, taxpayers voluntarily submitted around 660,000 new and amended tax returns, reported business volumes amounting to EGP 1trn, and paid approximately EGP 80bn in additional taxes.

“We are proud of this valuable trust from our partners in the tax facilitation journey,” Kouchouk added. He also noted that a second package of tax facilitation measures will be presented to the House of Representatives after Eid Al-Fitr.

The Finance Minister highlighted that the government continues efforts to stimulate economic activity, expand initiatives in industry, tourism, and exports, and reduce customs clearance times to ease costs and burdens on investor partners.