Egypt overhauling tax procedures to lure investors: finance minister

Canada News News

Egypt overhauling tax procedures to lure investors: finance minister
Canada Latest News,Canada Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Egypt hopes to boost feeble foreign direct investment (FDI) by automating and si...

Changes to income tax would be procedural, and no changes would be made to overall tax policy or tax rates, he added.

In April, Egypt signed an agreement with Euroclear, Europe’s biggest settlement house for securities, to allow holders of its sovereign debt to clear transactions outside the country.“It is on track, but might not be next month,” Maait said on Monday, adding that a legal change was needed to govern the process and he hoped it would be ready at the beginning of 2020.

Maait also said Egypt’s long-delayed program to sell stakes in state-owned enterprises would resume in the coming months, though he did not specify when.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Phantom FDI screams need for new tax ghostbustersPhantom FDI screams need for new tax ghostbustersAbout 40% of foreign direct investment - $15 trln - is designed to minimise corporate tax, says the IMF. Major economies’ efforts to win income back from havens like Luxembourg have failed. The OECD’s Big Tech tax reform ideas, and states’ self-interest, offer the best way out.
Read more »

Egypt says it will not import rice this financial yearEgypt says it will not import rice this financial yearEgypt's supply minister said on Sunday the country had enough strategic ric...
Read more »

Egypt says it will not import rice this financial yearEgypt says it will not import rice this financial yearEgypt's supply minister said on Sunday the country had enough strategic ric...
Read more »

PM Johnson will go to EU to seek a deal, not a Brexit delay - JavidPM Johnson will go to EU to seek a deal, not a Brexit delay - JavidBritish finance minister Sajid Javid said on Sunday Prime Minister Boris Johnson...
Read more »

PM Johnson will go to EU to seek a deal, not a Brexit delay: finance ministerPM Johnson will go to EU to seek a deal, not a Brexit delay: finance ministerBritish finance minister Sajid Javid said on Sunday Prime Minister Boris Johnson...
Read more »

Greece to submit request on early IMF loan repayment this week: PMGreece to submit request on early IMF loan repayment this week: PMGreece's finance minister will submit an official request to his eurozone p...
Read more »



Render Time: 2025-03-20 10:33:07