CAIRO – Egyptian President Abdel Fattah El Sisi on Thursday issued directives to ensure precise implementation and continued follow up of tax facilitation package in order to simplify the state’s tax system and secure confidence building.
The package aims at encouraging investment and streamline procedures for investors, fostering a more conducive environment for economic growth.
The president made the remarks during a meeting with Prime Minister Moustafa Madbouli on Thursday to follow up on a number of files, including the overall economic indicators along with government efforts to secure a favorable investment climate particularly in the industrial sector.
“President Sisi followed up on tax facilitation package announced by the Ministry of Finance with the aim of comprehensively modifying the state’s tax system to improve services provided to investors,” said Presidential Spokesman Ahmed Fahmi.
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