The Entrepreneurs' Organization is proposing amendments to the 2027 Finance Bill
Organization member Mohammad Sahanun called for a review of Chapter 22 relating to exemption from corporate tax for 4 years, demanding the removal of the condition that no prior use of this exemption is made by persons who have previously exercised similar activity as partners or agents, in order to exceed the limitations imposed on tax incentives. With regard to Chapter 23 concerning the cancellation of the discount from the self-initiative supplier, the organisation welcomed the action to improve liquidity with an emphasis on resolving administrative obstacles.
The organization expressed its rejection of Chapter 66's mechanism for authorizing lists and offenses to track e-commerce geographically, which it considered a logical approach, as well as Chapter 67's rejection of subjecting mobile phone registration to geographical data. The organization also demanded that Chapter 42 be amended to support exports by overcoming transport and transit difficulties, raising the cap on the purchase of underlying real estate to 7%, and abolishing the provisions of Chapter 70 of Decree No. 3 of 2025 relating to eligible companies to affect their privileges under the principle of tax justice.
The figures of the draft state budget for 2027 had sparked controversy after recording an increase in allocations to the presidency and the Ministry of Justice and imposing new fiscal burdens, while the Finance Bill included a 20 million dinar financing line to grant unprofitable loans to senders.
President Yassin strongly criticized the limited financing lines of 250 million dinars compared to the estimated support expenditures of 7 billion dinars, stressing that they are insufficient to revitalize the economic cycle with no concrete impact confirming their enjoyment, and called for supporting existing institutions facing difficulties and attaching the project with an annual annex to the revenue of the implementation of financial law procedures for the previous year.