Law No.160 of 2023 amending some provisions of the Investment Law No.72 of 2017. Pays/Territoire Égypte Type du document Législation Date 2023 Source FAO, FAOLEX Sujet Général Mot clé Procédures judiciaires/procédures administratives Subvention/incitation Autorisation/permis Commerce/industrie/sociétés Mesures fiscales et de marché Aire géographique Afrique, Méditerranée, Moyen-Orient, Afrique du Nord et Proche-Orient, Afrique du Nord, Mer Rouge et le Golfe d'Aden Entry into force notes This Law enters into force the day after its publication in the Official Gazette. Résumé This Law, comprising 3 Articles, amends the original Law by granting new incentives and more flexible criteria for new and existing investment projects. All investment projects shall enjoy the general incentives provided in the Investment Law, irrespective of the legal systems or frameworks to which these projects are subject, including investment projects established before the application of the Investment Law, except projects under the Free Zone Regime. To qualify for the special incentives provided in the Investment Law, the investment project is required to be incorporated within a maximum of three (3) years from the date that the Executive Regulations of the Investment Law are entered into force (art.12). In particular, the Law introduces (i) a new cash investment incentive for investment projects and expansion of projects that carry out one of the industrial activities falling under the existing special incentives program. Under this new incentive, the investor is entitled to a refund of between 35% and 55% of the tax paid in the corporate tax return on the income generated from the business operations (art.11 bis); (ii) exemptions from usufruct charges for project lands for up to 10 years, exemption from infrastructure costs up to 50%, and a 50% reduction in utility costs for projects over 10 years (art.13); (iii) the possibility, with the approval of the Supreme Council of Energy, to license the establishment of projects under the free zones system in the field of petroleum manufacturing, fertilizer industries, iron and steel manufacturing, liquefaction and transportation of natural gas and energy-intensive industries (art.34). Texte intégral Arabe Site web www.cc.gov.eg Références - Législation Amende Investment Law No.72 of 2017. Législation | Égypte | 2017 Mot clé: Loi-cadre, Procédures judiciaires/procédures administratives, Crédit, Subvention/incitation, Transformation/manutention, Royalties/redevances, Institution, Gouvernance, Autorisation/permis Source: FAO, FAOLEX