Middle East Developments - Egypt

The recent Egyptian youth revolution and the recent change in political leadership has revealed a deep appetite for constitutional, legal and political reform with the hope it will deliver on the promise of better outcomes across Egyptian society. At the same time, political change and the evolutionary nature of early stage reform have led to a great deal of uncertainty about the future direction of government and economic policy, which in turn impacts on the national economic outlook.

The implications of reform and uncertainty on the investment climate, specifically for current and potential foreign investors, are significant. This briefing paper considers the direction of tax policy in Egypt, given the evolving reforms and their potential impact on investors.