[MoEaF] Proposed Tax Changes

Day 1,216, 11:01 • Published in Egypt Turkey • by ugura

with many recent changes on inventory stock, companies, licenses, productions etc you can all see that our market has been flooded with much goods for sale.

in most discussions around a general believe seems to be that since we are still low in citizen numbers our own company productions are rather enough for ourselves, mostly of course the problem of not enough employees to utilize the companies to have full production.

taken both points above it is OK of course for foreign companies to enter our market for selling goods but our economy and country should benefit from this selling too therefore I suggest that we make below changes in our tax structure.

by now I assume most foreign company owners have already used most of their free license allowance to already purchase license for eEgypt so it should not greatly disturb the market.

I have put together a small table to show what is now and what I believe it should be for the benefit of Egypt. when you open the attached photolink, table on left is the current taxes and on the right proposed taxes, Green color shows reduced taxes and orange shows increases.

[img]http://img847.imageshack.us/i/tax2.jpg/[/img]


Thank You
ugura
Minister of Economy and Finance Egypt