In a series of reassuring statements to the business community, Minister of Finance Ahmed Kouchouk reiterated the government’s commitment to reducing the burden on investors and fostering a more favorable economic climate.
The Minister outlined several key initiatives aimed at simplifying procedures, expanding the tax base, and strengthening trust with taxpayers.
Minister Kouchouk emphasized that a primary objective is to reduce tax and non-tax liabilities for businesses through streamlined and facilitated procedures.
This effort includes an ambitious program to significantly decrease non-tax burdens and unify various collection agencies, thereby simplifying administrative processes for companies.
Looking ahead, the Ministry announced that new facilitation packages will be introduced in the upcoming fiscal year to build upon existing incentive tax measures. The Minister highlighted the success of the initial package of facilitations, which has already attracted a substantial number of new taxpayers, indicating a positive shift in the relationship between the tax community and the government. The preliminary results of this tax facilitation package are slated for announcement at a press conference before the end of the month.
Minister Kouchouk also noted an “encouraging” positive sentiment observed among both the business community and leadership within the Tax Authority. This renewed confidence, he explained, is bolstered by a 38% increase in tax revenues over the past ten months, achieved without imposing any new burdens on taxpayers. This growth, he asserted, underscores the strengthening “path of trust and partnership” between the Ministry of Finance and the business sector.
The Ministry’s strategy prioritizes expanding the tax base as a means to create fiscal capacity for future incentive initiatives for taxpayers, ultimately aiming to foster a more inclusive and robust economic environment.
