How Egypt implemented a flat tax

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"Since 2005 all businesses have paid a 20% corporate income tax – rather than 32% or
40%, depending on the sector. All sector-, location- or business-specific tax holidays and exemptions were eliminated, about 3,000 in all. Businesses can file and pay taxes electronically. As a result two million Egyptians filed taxes in 2005, double the number in 2004."

- Paying Taxes- The Global Picture

Related;
Tax reform: a holistic view

How to Reform the Business Environment
Mahmoud Mohieldin, Minister of Investment for Egypt, spoke on the economic reforms currently being undertaken there. He noted that changes had overcome resistance by proceeding on many fronts, including exchange rates and privatization, with the end result of streamlined business processes and removal of delays.

The Egyptian Center for Economic Studies

Egyptian Investment Portal

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This page contains a single entry by Paul published on November 12, 2006 8:14 AM.

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