Presidential Decree No 17/2015 amending Investment Law No 8/1997
The Presidential Decree No 17/2015 amending Investment Law no. 8/1997 aims to help attract energy investments in Egypt, including in the renewable energy sector, as Egypt seeks to produce 20% of electricity from renewable sources by 2020 (New and Renewable Energy Authority).
Tax incentives provided for by the Decree include:
- Reducing sales tax from as high as 10% to 5%;
- Setting low customs duties on equipment used for energy production at 2%.
Additional non-tax incentives offered to energy producers are:
- Refunding the expenses paid to extend infrastructure facilities to the project’s land (e.g. grid connection);
- Subsidising training programs and social insurance for employees;
- Allocating government-owned land at discounted prices or free of charge.
Categories
Energy Supply Institutions / Administrative arrangementsNote: The 2015 Climate Legislation Study includes laws and policies which were passed before or on January 1, 2015. Laws and policies which passed after this date may not be included in the individual country chapters.
