Egyptian Parliament Advances Income Tax Law Amendments to Ease Business Burden

Members of Egypt’s House of Representatives discussed a draft amendment to the 2005 Income Tax Law, emphasizing that the changes will not impose new burdens on citizens or investors. The revision seeks to modernise provisions on bad debts, real‑estate transactions, and securities, while introducing tax incentives for holding companies and parent firms, including a full 100 % exemption on dividends received from subsidiaries.

The package, presented as the second wave of tax‑reform measures, also raises the threshold for exempted debt to 10 000 Egyptian pounds, extends the tax‑payment deadline to 60 days, removes capital‑gains tax on listed securities, and ties the solidarity contribution to the comprehensive health‑insurance fund. Lawmakers say the reforms aim to simplify procedures, boost investor confidence, attract long‑term investment, and increase treasury revenue without adding costs to taxpayers.