Egypt Keen on Stabilising Tax Policies, Targets 16.5% Tax-to-GDP Ratio in Five Years: Finance Minister

The Egyptian Minister of Finance, Mohamed Maait has recently stated that the Government of Egypt was eager to stabilise its tax policies in order to boost new investments and provide employment opportunities, according to local media reports.

Heralding Egypt’s tax administration system, Maait noted that historical reforms had laid the foundation for tax justice, integrated the informal economy into the formal economy, broadened the tax base and provided a more precise outlook of the country’s tax community.

Maait further stated that Egypt is aiming to increase the tax rate to gross domestic product (tax-to-GDP) ratio by 2.5% over the next five years (0.5% of GDP annuall...