Mostafa Elfar

Managing Associate

+39 02 771131

Main office: Milan


  • Tax law, with particular expertise in:
  • Corporate taxation
  • International taxation
  • Transfer pricing
  • Key sectors:
    • construction
    • renewable Energy
    • financial Services
    • consumer goods
  • Foreign languages: Arabic and English


  • Member of the Africa Team
  • Member of the Private Clients Focus Team
  • Joined the firm in 2016
  • Worked at a prestigious tax consulting firm and served as International Tax Assistant Manager (Sept. 2014 – Nov. 2015).
  • Served at the Egyptian Public Prosecution Service (Jul. 2015 – Sept. 2015)
  • Worked at the Egyptian Government as a legal and economic researcher (March 2013 – Sept 2013)


  • Member of the Egyptian Bar
  • Chartered accountant
  • PhD Candidate in European Doctorate of Law and Economics in Universities of Bologna, Hamburg and Rotterdam (Oct. 2015 – Jun. 2018)
  • Master’s degree in Law and Economics at the Queen Mary University of London (the UK)
  • Law Degree from Cairo University – English Section
  • Economics degree from the British University in Egypt

Knowledge Sharing

Egypt’s medium-term tax policy is materialising – how far does it go and what more to expect?

Since the agreement with the IMF in December 2022, the Egyptian authorities have introduced significant changes to tax policy and tax administration – and even more important changes are on the way. In this context, it is essential to be able to liaise with the highest levels of the MoF in or …

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Amendment to Egypt’s VAT law regarding e-commerce

The Egyptian Minister of Finance recently issued Decree 24/2023, which amended the Executive Regulations (“ER”) of the Value Added Tax Law. The new decree and the amendments to the VAT Law detail the Simplified Vendor Registration Regime (“SVRR”), which is aimed at making it simpler for …

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The UAE issues its Corporate Income Tax law

The UAE Federal Tax Authority has published Federal Law Decree No. 47 of 9 December 2022 on the Taxation of Corporations and Businesses (“CIT Law”), which sets out the legislative basis for the introduction of a UAE federal corporate income tax. The long-awaited CIT Law will be effective …

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UAE amends VAT law

Over the last two months, the Federal Tax Authority (FTA) has issued some major changes to the tax rules, including Federal Decree Law 18/2022, which is the first amendment to the VAT law since its introduction in 2018, and Cabinet Decree 99/2022, which amends the executive regulations on the V …

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Enforcement risk for failure to pay tax on capital gains realised by non-Egyptian residents on the sale of unlisted securities

Capital gains tax has always been an issue for non-Egyptian resident entities. And since the Ministry of Finance issued guidelines in December 2020 on capital gains realised by non-residents on the sale of securities (i.e., shares and quotas) not listed on the Egyptian Stock Exchange, the ET …

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EPC contracts and indirect tax treatment in Egypt

What indirect tax aspects do non-Egyptian contractors need to consider in relation to Egyptian EPC contracts entailing services to be partially performed outside Egypt?

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Giving Preference to Egyptian Products in Government Contracts

With the aim to further boost local industry, recently Egyptian government amended Law No.5 of 2015 by expanding the scope of the law requiring to give preference to Egyptian Products in Government Contracts. Our Africa Team and Energy and Infrastructures Focus Team analyse

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Egypt recovering from its foreign currency crisis - 20 June 2017

After the floatation of the Egyptian Pound (“EGP”) on 3 November 2016, the Egyptian economy has experienced improvement in its foreign exchange (“FX”) position. Riccardo Bicciato (Cairo-based local partner) and Mostafa Elfar (member of BonelliErede’s Africa Team) comment on this. *** …

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WEBINAR: Transfer Pricing in selected African countries - 20 April 2017

BonelliErede teamed up with International Tax Review to present a webinar on the main transfer pricing issues to consider when structuring investments in Egypt and Ethiopia. Our experts discussed the legal framework and TP rules in these countries, the applicable TP methods and international st …

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