Reports & Briefs
The Bankruptcy Law relaxes restrictions on businesses and individuals facing bankruptcy, thus alleviating an important hurdle to enterprise creation.
In light of the government’s economic reform program, the Industrial Licensing Law furthers efforts to liberalize the economy. The law reduces the amount of time required for businesses to become recognized entities by the government.
The VAT Law is expected to streamline tax collection, broaden the tax base, and formalize the informal economy, bringing additional revenue to the government. The VAT Law replaced the previous sales tax scheme with one designed to make revenue collection easier and tax evasion more difficult.
The Investment Law aims to attract foreign investors to Egypt to revitalize the Egyptian economy. The financial rebates and tax breaks for factories included in the law are meant to provide significant incentives for companies to begin operations in Egypt.
To ensure the proper institution and efficacy of balancing measures, there is a need to systematically track, monitor, and analyze the impact of the economic reform program on Egypt’s economy and society.