On 11 September 2024, the Egyptian Ministry of Finance announced a package of measures to support businesses and simplify procedures. This includes the introduction of a simplified and integrated tax system for smaller taxpayers with annual turnover not exceeding EGP 15 million, including small and micro enterprises, entrepreneurs, and professionals. Further incentives will be provided to integrate the informal economy, including through the waiver of penalties on the submission or amendment of returns for the years 2021 to 2023. Late payment penalties will also be capped at the original amount of tax due. Lastly, the related-party transaction threshold is increased...