CORPORATE INCOME TAX: Egyptian corporate income tax (CIT) is levied upon corporations, partnerships and branches, and on all profits earned abroad or in Egypt. Non-resident companies operating in Egypt by way of an Egyptian permanent establishment are subject to CIT to the extent that revenue is...
Politically and socially, Egypt is moving into new territory after the election of its first civilian president. The economy has felt the strain of this transition, with governmental budgets requiring additional infusions of cash. One response to this has been the introduction of several changes to Egypt’s tax regime aimed at maximising tax revenues...
The wealth of the Nile River and its fertile banks and delta, together with Egypt’s location at the confluence of Africa, Asia and Europe, have made the country a valuable prize for centuries, as well as a centre of trade and ideas.
To what extent can the recent tax incentives strengthen local businesses’ competitiveness?
A new tax code was passed in May 2009 – and modified in July 2009, February 2010, January 2011, January 2012 and January 2013 – to reflect Gabon’s new political climate. The code is a modernised framework that will likely be complemented by tax and Customs incentives for both foreign and local investors.
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