Tax Policy and SMEs‎ Implications for‏ ‏Competitiveness and Inclusive Growth in Egypt

 
Tax Policy and SMEs‎ Implications for‏ ‏Competitiveness and Inclusive Growth in Egypt

 Small and medium enterprises (SMEs) play a very important role in the development of the Egyptian economy. ‎SMEs dominate Egypt’s private sector, accounting for approximately 98% of non-agricultural economic units and 81% of the ‎labour force outside the public sector (Rashid & Sieverding, 2013‎ ‎). Given their size, they are the only engine of growth that ‎can contribute significantly to raising industry’s share of employment in GDP (Target 9.2 of the Sustainable Development ‎Goals-SDGs), and to serving as a source of employment generation, especially for young people, thus “promoting sustained, ‎inclusive and sustainable economic growth, full and productive employment and decent work for all” (Target 8 of the SDGs on ‎Decent Work).‎

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