Cairo: Minister of Finance, Ahmed Kouchouk, announced that the government is moving on several fronts to expand tax, customs, and real estate facilitation measures to ease burdens on investors and citizens and stimulate economic activity. "We support any initiatives that encourage production, investment, and exports," Kouchouk said during a meeting with a group of investors.

According to State Information Service Egypt, the minister stated that the government is developing a modern and integrated real estate tax system focused on simplifying procedures and expanding digital services. A new mobile application will be launched to allow taxpayers to receive notifications, submit tax returns, and make payments electronically.

Kouchouk added that property owners will be allowed to submit a single declaration even if they own multiple buildings and deal with only one tax office. The exemption threshold for private housing will also be raised to LE8 million. To encourage voluntary registration, the government will grant tax incentives, including a 25 per cent discount for residential units and 10 per cent for non-residential properties.

The finance minister also revealed plans to replace capital gains tax on stock market transactions with a stamp duty to encourage institutional investment in the Egyptian Exchange. The Ministry of Finance is collaborating with the Financial Regulatory Authority to introduce further tax incentives to support listings and trading.

In addition, the value-added tax on medical equipment will be reduced from 14 per cent to 5 per cent to support the expansion of Egypt's comprehensive health insurance system. Kouchouk emphasized that these new measures are part of a broader effort to improve the business climate, simplify tax procedures, and encourage greater participation in the formal economy.