Egyptian government outlines second tax facility package targeting industry and capital markets

Egypt is rolling out a second set of tax incentives to boost its industrial and capital market sectors. The government will replace the capital gains tax with a stamp duty and slash VAT on medical devices from 14% to 5% to make doing business more attractive. This move is part of a broader effort to stimulate investment and ease the financial strain on companies, which could significantly bolster Egypt’s economic growth and competitiveness on the global stage.