The Egyptian government introduced a package of tax reform amendments affecting both multinational corporations on the international tax front and local corporations on the domestic front through the newly amended tax law to eliminate tax loopholes. The international tax amendments are designed to keep up with the constant flow of international tax developments worldwide, which are aligned with the international best practices and the OECD BEPS package. Generally, the new law no. 30 is designed with the aim of boosting the economy and streamlining the taxation of various items of income. These modifications will be effective starting 16 June 2023.