Cairo: Today, President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly and Minister of Finance Mr. Ahmed Kouchouk.

According to African Press Organization, the meeting focused on discussing the second tax facilitation package, which aims to support and stimulate tax compliance. This initiative is part of a broader strategy involving four packages to enhance trust between the Tax Authority and taxpayers. The first package focuses on building a new relationship, while the second encourages compliance and streamlines procedures.

The Minister of Finance highlighted that the second package targets compliant taxpayers, offering benefits to encourage voluntary compliance and business growth. He detailed the initiative's success in closing old tax cases and increasing tax filings, resulting in significant additional taxes and business volumes.

Efforts to improve the Value Added Tax (VAT) refund system and launch premium tax service centers were also discussed. The package introduces incentives for compliant taxpayers, addressing requests from the business community and tax professionals.

President El-Sisi directed the launch of the second package, emphasizing the need for continuous development of the tax system to build trust and improve services. The discussion also covered property tax facilitation measures and a vision to reduce tax burdens.

The financial and economic performance of Egypt was reviewed, with private investments growing significantly. The Minister emphasized the positive economic direction and the importance of maintaining a primary surplus to fund social programs and stimulate manufacturing.

The meeting included a review of the customs system development plan, aiming to simplify procedures and enhance competitiveness. Key areas included reducing customs release times and improving control measures.

Efforts to manage budgetary debt and encourage private sector investment were highlighted. President El-Sisi stressed the importance of digital transformation and governance in financial operations to support economic growth and development.