Egypt’s Minister of Finance for Tax Policy and Reforms has announced plans to draft a new iteration of the Income Tax Law. The details of the new law has been fully published, but the main proposals of the new law include:

  • A focus on administration and simplification;
  • Retaining the tax law changes introduced in 2023;
  • Increasing the revenue threshold for Local file and Master file submission to EGP 8 million;
  • Separating transfer pricing audits from general corporate tax audits;
  • Establishing a deadline for the tax authority to issue VAT refunds;
  • Introducing mandatory electronic filing and reference to issued e-invoices for VAT refund requests.

On 15 June 2023, the Egyptian Tax Authority published Law No. 30 of 2023 in the Official Gazette, amending some provisions of the Income Tax Law No. 91 of 2005. The Law went into force on 16 June 2023.