Finance Minister Ahmed Kouchouk said the government is developing new incentive measures to stimulate productive sectors and strengthen entrepreneurship across the Egyptian economy. He added that the ministry is working with the Micro, Small and Medium Enterprise Development Agency (MSMEDA) on a new initiative that will provide youth with affordable financing and expanded support for entrepreneurship. Kouchouk noted that the integrated, simplified tax system has already demonstrated strong success, and that new incentives will soon be introduced for the first 100,000 new taxpayers to join this streamlined framework. Speaking during an open dialogue with representatives of technology companies, the minister stressed that broadening the tax base remains a top priority—one pursued through what he described as a genuine partnership with the business community. He said the ministry aims to establish specialised, technology-driven customer service centres within both the Tax Authority and Customs Authority to deliver more efficient services and simplify procedures. These centres will be expanded gradually over time. He added that the second package of tax facilitations will be presented for community dialogue in December, targeting committed, long-standing taxpayers. This package will offer practical solutions to ongoing tax challenges and introduce incentives for activities such as registration and stock market dealings. Kouchouk also highlighted the development of a comprehensive risk-management system designed to support consistently compliant investors through a more targeted, data-driven approach. Kouchouk confirmed that the property tax system will soon integrate a new mobile application offering simplified and user-friendly services for citizens. He also underlined the growing role of artificial intelligence in enhancing information accessibility for investors and stakeholders interacting with the Ministry of Finance. The minister emphasised that the ministry now monitors state budget revenues and expenditures in real time, allowing for more accurate and timely decision-making. He said the vast amount of data generated through digitisation presents a major opportunity to invest in AI-powered analytics—tools that will improve forecasting, streamline services, and better address citizens' needs.
