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Egyptian Tax Developments Impacting Multinational Groups
Wednesday, 5 February 2025 12:00 PM EGT

Past Event

Hybrid - Webinar

Event language: English

5 Feb. 2025

Wednesday, 12:00 pm EGT

Egyptian Tax Developments Impacting Multinational Groups

We hosted a webinar on Egyptian Tax Developments Impacting Multinational Groups on Wednesday, 5 February 2025. As the Egypt tax landscape is evolving, it is crucial for multinational organizations to understand and navigate the recent developments in both domestic and international tax regulations to ensure compliance and optimize tax strategies for businesses operating in or with Egypt.

Egypt’s tax landscape is rapidly changing, bringing both challenges and opportunities for multinantional organizations. Understandung recent domestic and international tax developmenets is crucial for mainting compliance and optimizing tax strategies.

Egypt Tax Developments Impacting Multinational Groups
 
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During the session, our experts discussed significant updates in Egyptian tax laws and underscored the necessity for multinational enterprises (MNEs) to stay ahead of compliance requirements to efficiently manage their tax strategies.

Key topics covered included:

  • Key direct and indirect tax changes and the 2030 Ministry of Finance plan
  • Main aspects of Egypt’s Transfer Pricing (TP) compliance requirements.
  • Implications of the OECD Pillar Two rules on MNEs in Egypt and the broader Middle East region.
  • Permanent Establishment (PE) concept with a focus on service PE
  • Key takeaways on the interaction between customs valuation and transfer pricing to maintain compliance with both customs and tax authorities.

Speakers

Ramy George

Deloitte - Middle East
Ramy leads the Business Tax practice in Egypt. Throughout the last decade, he has been heavily involved in tax compliances services for corporations operating in the region and for expatriates having country tax obligations. Additionally, Ramy acts as a business advisor for potential new investors in Egypt. He assists clients in selecting the suitable legal form for establishing companies in Egypt, securing the commercial registration and licenses necessary towards operating in the region. Ramy specializes in legal advice related to commercial and employment contracts, as well as cross border transactions considering the tax burden of multinational corporations in the Middle East. He also advises clients on the tax implications of a company’s activities in Egypt.
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Hesham Lotfy

Deloitte - Middle East
Hesham is a Transfer Pricing (TP) Director at Deloitte Middle East (ME) and is based in United Arab Emirates (UAE). Hesham has over than 14 years of experience in International Tax and Transfer Pricing. During his tenor, he has focused on Transfer Pricing compliance, advisory, and controversy. Hesham has been involved in multi–jurisdictional TP documentation projects, TP controversy and complex TP planning and operation projects. Hesham has a strong technical ability in TP controversy and audits and is leading the TP controversy vertical in the ME region.
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Badawy Ibrahim

Deloitte - Middle East
Badawy Ibrahim is a Senior Manager in the Customs and Global Trade Advisory team at Deloitte Middle East. He previously worked at one of the Big Four and brings with him years of knowledge in Egyptian customs, customs regulations, and investment laws. In his career, Badawy has served both multinational and local clients, offering a range of customs consultancy, compliance, and planning services. He is skilled in business structuring, customs planning, and performance evaluations tailored for multinational companies. Badawy's industry expertise covers sectors such as food, construction, new and renewable energy, chemicals, cement, retail and consumer, shipping, pharmaceuticals, and medical equipment. His proficiency in the realm of customs is evident from his experience in areas like customs valuation, Environmental, social, and corporate governance (ESG), post audit, compliance, customs procedures, supply chain analytics, and diagnostic reviews. Additionally, he has experience in setting up customs plans for companies, guiding them in determining customs duties and valuations. An experienced trainer, Badawy has imparted knowledge in the domain of "Customs and International Trade" to workers across Arab and African countries, training a significant number of individuals in subjects such as customs tariff, customs valuation, origin, and international trade agreements.
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