KPMG in Egypt provides an overview of significant changes to Egypt’s tax laws, including new tax incentives according to the new Investment Law as follows:
General tax incentives
Special tax incentives
Investment cost that is reduced from due taxes in 2 categories as follows:
1. The establishment of the company either after the date of this law and within 3 years (or before the date by thirty months maximum),
2. The use of new assets (transfer of assets from other projects or from liquidation cancels the incentive).
N.B.: The investment minister can decide additional incentives.
The companies formed under free zone are exempted from:
Public Free Zones Projects: A fees of 2% on commodities value for storage projects and 1% on commodities value (FOB) for manufacturing and assembly projects or 1% on total revenues if not a storage or manufacturing projects.
Private Free Zones Projects: A fees of 2% on total revenues for storage projects and 1% on total revenues for manufacturing and assembly companies 2% on total revenues if not a storage or manufacturing projects.