The Egyptian Ministry of Finance’s tax policy strategy for 2024-30 is said to be in its final stages of completion, which possibly includes a draft of a new corporate tax law.
It is rumoured that it will introduce a 15% minimum tax for multinationals and a Qualified Domestic Minimum Top-up Tax (QDMTT).
Contrary to these developments, earlier this year Mohamed Maait, Minister of Finance, during his participation in the annual tax conference of PWC, said that there will be no increase in tax rates or new burdens in the tax policy strategy for 2024-30. Tax brackets – corporate and industrial profit tax – and the income tax rate will remain unchanged.
