According to the source, the Ministry of Finance will initiate a community dialogue to address the challenges facing Egypt's tax system.

This initiative will also unveil proposed solutions to enhance the efficiency of tax operations.

The new policy decisions are designed to encourage investment and streamline procedures for investors, fostering a more conducive environment for economic growth.

In line with its State Ownership Policy, Egypt has adopted a strategy that raises the private sector's contribution to the country’s GDP to up to 65 percent till FY2026/2027.

This includes fundamentally modifying the country’s tax system to attract more investors into the Egyptian market.