Egypt: Maait to MSMEs – Simplified Tax Based On Volume of Business

Finance Minister Mohammed Maait on Monday said the law of Micro, Small & Medium Enterprises (MSMEs) development entails several tax incentives like the simplified tax system, which is based on the volume of sales or business.

The tax, under the new law, will be a simplified one that doesn’t require records, documents or purchase invoices, the minister said in a statement issued by the Ministry of Finance, adding that a simplified tax return detailing the volume of sales and business shall be…

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