Egypt's informal economy largely operates outside the formal tax and social-security system, meaning that in addition to its unfair competition with the formal sector, it is also able to offer goods and services at lower prices since it avoids (...)
As part of a national project to modernise Egypt's customs administration, the Ministry of Finance has introduced a new system to expedite the release of imported goods as soon as they arrive at port. To enjoy the benefits of the new system, (...)
"Egypt's digital transformation and the updating taking place at the Egyptian Tax Authority [ETA] are facilitating the submission of tax returns and other operations," said Al-Sayed Mahmoud Sakr, head of administrative affairs for the ETA.
The (...)
Parliament has recently approved a new Unified Financial Law that grants state agencies shares from the general budget based on their performance during the fiscal year and through programmes submitted to the Ministry of Finance determining their (...)
Spending on education, healthcare, social protection, and investment is well positioned in Egypt's new 2021-22 budget, which has been approved by the cabinet and the House of Representatives, the lower house of Egypt's parliament.
Supporting (...)
Egypt has long been preparing for the transition to a digital economy, in line with its Vision 2030 plans and national digital transformation strategy. The spread of the Covid-19 pandemic has accelerated its plans, forcing a new reality on a market (...)
