Sisi Issues Decree Amending Income Tax Law

President Abdel Fattah al-Sisi has issued a decree amending some provisions of the Income Tax Law No. 912005 and Stamp Duty Law No. 111 issued in 1980.

The decree aims, among other things, at expanding the base of taxpayers to achieve tax equity and observing the social dimension by raising tax exemption limits, especially regarding special funds, life insurance and health insurance installments.

The new amendment is an attempt to encourage investments and boost the troubled national economy.


Source : Egypt State Information Service