Egypt

Presidential Decree No 17/2015 amending Investment Law No 8/1997

Legislative
Law
Passed in 2015
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.



Documents
from the Grantham Research Institute
from the Grantham Research Institute
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