(MENAFN) The government will not decrease the income tax applied on investments in the Suez Canal Economic area, which valued 22.5 percent.
Accordingly, a viability study will take place for the application of the 22.5 percent tax value in the Suez Canal, against the 10 percent that was used before the decision.
Egypt has only one economic zone, the North-West Suez Gulf Economic Zone that was changed into the Suez Canal Economic Zone, which has an independent law.
Additionally, the income tax value estimated at 22.5 percent for whole investments to support investors regarding Egypt's tax policies.
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