On 3 December, Egypt’s Ministry of Finance (“MoF”) unveiled the main features of the second tax facilities package (“Package 2”). Unlike the first package, Package 2 is designed to make it easier for compliant taxpayers to do business. More measures could be coming, as the MoF also announced that a third and fourth package are expected from 2026 onwards. For now, Package 2 is awaiting legislative amendments and instructions from the Egyptian tax authority (“ETA”) before it can take effect, expected by June 2026.

Our Egypt Team gives a practical overview of the new legislation in the newsletter available here.