The Micro, Small and Medium Enterprises Law specifies the tax due on micro-enterprises from informal economy projects during the period of validity of the temporary license according to the following principles:
- One thousand pounds annually for projects whose annual turnover is less than 250 thousand pounds.
- Two thousand five hundred pounds annually for projects whose annual turnover is 250 thousand pounds and less than 500 thousand pounds.
- Five thousand pounds annually for projects whose annual turnover is 500 thousand pounds and less than one million pounds.
A fee is collected for obtaining the temporary license stipulated in Article (71) of this law, which does not exceed the following maximum:
- Ten thousand pounds for medium projects.
- Five thousand pounds for small projects.
- One thousand pounds for micro projects.
This fee is collected in accordance with the provisions of the law regulating the use of non-cash payment methods issued by Law No. 18 of 2019. The executive regulations of this law determine its categories according to the size and nature of the licensed activity and the services provided to it according to its actual needs. The proceeds of the fees go to the public treasury, and what is allocated is allocated. It is equal to the agency and the concerned governorate equally, and when necessary, this percentage may be amended by a decision of the Prime Minister based on the agency’s proposal.