Simplified Amending the bankruptcy industrial law licensing IPOs of public sector companies 3. Social and SME tax Energy subsidy General Takaful and Karama SSN economic harmonization savings Authority for Unified registry inclusion redirected to Investment and Upper Egypt development social Free Zones Rural sanitation project protection (GAFI) one-stop Agricultural competitiveness Rooftop shop registration Social housing project program for of single-person Natural gas connections SMEs under the companies Skills and education project FIT program Microfinance Law Enhancing accessibility to land and to urban communities Midyear review Strengthen GAFI published Civil Service Law reform 4. Transparency statement EgyptERA regulatory automation and Managing New gas requirements Electronic tax collection accountability contingent regulator and incentives Project automation liabilities Corporate Reduced PFM Strategy Public Debt governance discretion and Strategy reforms in SOEs increased Wage automation Policy and transparency in Strategy Unit industrial licensing Strengthened competition authority Measures in grey-filled columns are supported by the World Bank Group under the Egypt DPF. Note: Pillar 1: Advancing Fiscal Consolidation 1.1 Enhancing Government Revenues Finalization of Taxation Disputes DPF 2 Prior Action 2.1: The Borrower enacted Law No. 79 of 2016 and published said law in its Official Gazette. DPF 3 Indicative Trigger 3.1: The Ministry of Finance of the Borrower issues a decree that introduces a harmonized and simplified tax regime for and small businesses based on turnover. Tax revenues during FY11–15 have averaged only 13 percent of GDP. In an effort to enhance government revenues, the MOF has embarked on an ambitious tax reform agenda with the aim to broaden the tax base, enhance the role that the tax policy plays in the economy, and build an effective and fair tax system. The new Income Tax Law (prior action for DPF 1), which paves the way for a stable and predictable
Simplified industrial licensing Amending the bankruptcy law IPOs of public sector companies 3. Social and economic inclusion SME tax harmonization Energy subsidy savings redirected to social protection Rooftop program for SMEs under the FIT program General Authority for Investment and Free Zones (GAFI) one-stop shop registration of single-person companies Takaful and Karama SSN Unified registry Upper Egypt development Rural sanitation project Agricultural competitiveness Social housing project Natural gas connections Skills and education project Microfinance Law Enhancing accessibility to land and to urban communities 4. Transparency and accountability Midyear review statement Managing contingent liabilities Public Debt Strategy Wage automation Strengthen EgyptERA New gas regulator Corporate governance reforms in SOEs Policy and Strategy Unit GAFI published regulatory requirements and incentives Reduced discretion and increased transparency in industrial licensing Strengthened competition authority Civil Service Law reform automation Electronic tax collection Project automation PFM Strategy Note: Measures in grey-filled columns are supported by the World Bank Group under the Egypt DPF. Pillar 1: Advancing Fiscal Consolidation 1.1 Enhancing Government Revenues DPF 2 Prior Action 2.1: The Borrower enacted Law No. 79 of 2016 Finalization of Taxation Disputes and published said law in its Official Gazette. DPF 3 Indicative Trigger 3.1: The Ministry of Finance of the Borrower issues a decree that introduces a harmonized and simplified tax regime for and small businesses based on turnover. Tax revenues during FY11–15 have averaged only 13 percent of GDP. In an effort to enhance government revenues, the MOF has embarked on an ambitious tax reform agenda with the aim to broaden the tax base, enhance the role that the tax policy plays in the economy, and build an effective and fair tax system. The new Income Tax Law (prior action for DPF 1), which paves the way for a stable and predictable
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