INTIEAEgypt · Incentives under the Investment Law - Cabinet Decree 981 from 2022PolicyIn force

Incentives under the Investment Law - Cabinet Decree 981 from 2022

Article 11 of the Investment Law defines two geographical zones where projects can be receive 30-50% deduction of their taxable income and up to 80% of the paid-up capital at the time of commencement of the project (called Special Incentive). Cabinet Decree 981 from 2022…

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Country / jurisdiction: Egypt · Year: 2022 · Status: In force · Level: National · Type: Voluntary

Article 11 of the Investment Law defines two geographical zones where projects can be receive 30-50% deduction of their taxable income and up to 80% of the paid-up capital at the time of commencement of the project (called Special Incentive). Cabinet Decree 981 from 2022 recognizes production, storage and export of renewable hydrogen and ammonia as industrial sectors that can benefit from the Special Incentive. There are also several additional incentives that can be granted by a Cabinet decision

Official source: https://www.globalcompliancenews.com/2022/04/08/egypt-green-hydrogen-and-green-ammonia-projects-to-benefit-from-state-support240322/

Source

https://www.iea.org/policies/28068

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