The president was briefed on the government's efforts to prepare a comprehensive package of tax incentives to govern and improve the services as well as the relationship between investors and the tax authority, according to a presidential statement.

These efforts aim to improve the tax system and realize tangible progress in terms of enhancing the confidence of the business community and building a genuine development partnership between the state and the private sector.

Egypt is currently preparing its 2024-2030 tax policy document, with a key focus on reducing the budget deficit as part of its ongoing loan program with the IMF

The upcoming 2024/2025 budget plan outlines a comprehensive vision for tax reform policies that Egypt has pledged to implement under the IMF loan program.

This includes unifying income and value-added tax systems, expanding the tax base by increasing registration rates and integrating the informal sector.