Tax Legislation Economic Conference: A Roadmap to Boosting Egypt's Economy and Supporting Investment
The annual Tax Legislation Economic Conference aims to formulate more flexible fiscal and monetary policies to achieve sustainable development in Egypt. The conference focuses on key areas, including:
- Enhancing Egypt's position as a leading regional hub for pre-manufacturing industries, logistics, and transportation.
- Supporting the agricultural and food industries to open new international markets for Egyptian products.
Key Recommendations and the Role of Tax Policies
In this context, Mr. Mohamed Rizk, Chairman of M1 and a member of the Scientific Society for Tax Legislation, emphasized that the presence of the Minister of Finance at the conference significantly contributed to issuing important recommendations benefiting the tax community. Rizk stressed that this attendance highlights the vital importance of accounting, auditing, and tax services in supporting the accounting system and stimulating investment in Egypt.
Rizk clarified that M1's sponsorship of the conference reflects the company's commitment to supporting the financial and accounting sector in the country. He also pointed out that addressing current economic challenges requires adopting effective tax policies as a primary tool for fostering sustainable development and achieving financial stability. He added that it's crucial to focus on building a tax system that strikes a delicate balance between generating necessary revenues for developing services and infrastructure, and incentivizing investments and supporting innovation.
Rizk concluded his speech by welcoming all attendees, affirming that the conference serves as a vital platform for developing practical recommendations that will contribute to improving Egypt's economic environment.
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