Kozman & Co. - Public Accountants & Consultants

01/10/2026

Trading on the EGX? transaction costs may need to be recalculated.

Changes to the taxation of listed securities can affect investors, brokers and market participants.

Under the updated framework, stamp duty applies to the total value of sales of listed securities, subject to the applicable exclusions and conditions.
The rates include:

→ 0.5 per thousand for each buyer and seller
→ 0.25 per thousand for same-day transactions, subject to the applicable rules

For active market participants, even a small change in transaction taxation can become material when applied across significant trading volumes.

Businesses and investors should therefore review:
→ Transaction pricing
→ Trading cost assumptions
→ Portfolio models
→ Broker calculations
→ Internal reporting
→ Transaction documentation

The tax cost of a transaction should be known before the transaction is executed.

Kozman & Co. | SBC Global, can assist investors and businesses in assessing the tax implications of securities transactions.

For inquiries:
[email protected]

30/09/2026

One day to go! 🌍✨

The countdown is almost over.

Tomorrow, Kozman & Co. | SBC Global will welcome members of SBC Global Alliance and ASNAF International to El Gouna, Egypt, for the 1st World Conference.

We are looking forward to bringing our international community together for meaningful discussions, new connections, shared expertise, and opportunities to strengthen collaboration across borders.

El Gouna awaits!

30/09/2026

Considering an IPO in Egypt? the tax incentive deserves a place in the business case.

Going public is a strategic decision.
Tax incentives can be one part of that decision.

Eligible companies offering shares on the Egyptian Exchange may benefit from a 15% deduction from income tax payable for three years, subject to the applicable conditions.

For companies considering a public offering, the analysis should therefore include:
→ Eligibility requirements
→ Expected tax benefit
→ Listing structure
→ Timing of the offering
→ Compliance requirements
→ Interaction with the broader corporate tax position
The incentive should not be viewed in isolation.

It should be incorporated into the overall financial model for the transaction.

When tax policy creates an investment incentive, understanding the conditions is just as important as understanding the benefit.

Kozman & Co. | SBC Global, can assist companies in assessing the tax implications and potential incentives associated with capital-market transactions.

For inquiries:
[email protected]

29/09/2026

Only 2 days to go! ✨

Kozman & Co. | SBC Global. is proud to host the 1st World Conference of SBC Global Alliance and ASNAF International in El Gouna, Egypt.

As preparations come together, we are looking forward to welcoming our fellow members to Egypt for a memorable gathering filled with insightful discussions, new perspectives, and valuable encounters.

From across the world to the shores of the Red Sea — El Gouna awaits!

See you soon in Egypt. 😊

29/09/2026

How much debt can your business support from a tax perspective?

Financing decisions are often driven by commercial considerations.

But the tax consequences can be equally important.

Egypt’s thin-capitalisation rules remain relevant when businesses structure debt financing.

The updated framework also provides a higher 4:1 threshold for qualifying national infrastructure projects.

For businesses considering significant financing, the review should include:
→ Debt-to-equity ratios
→ Interest expenses
→ Related-party financing
→ Project classification
→ Applicable thin-capitalisation limits
→ Tax deductibility

The financing structure chosen at the beginning of a project can influence its tax position for years.

That makes tax review an important part of financing strategy.

Before finalising a major financing arrangement, model the tax consequences alongside the financial ones.

Kozman & Co. | SBC Global, Can support businesses in reviewing the Egyptian tax implications of financing arrangements.

For inquiries:
[email protected]

22/09/2026

As strategic partners, we are counting down the days- A mega festival for those who make impact 👌

22/09/2026

Proudly looking forward to this fruitful & future-centric partnership ✨

We are excited to welcome Kozman & Co. as a Strategic Partner of the Global Entrepreneurship Festival 2026.

With over 50 years of experience in Egypt, Kozman & Co. provides professional services across Audit & Assurance, Tax, Corporate Affairs, Business Support, and Advisory.

Their partnership reinforces our shared commitment to strengthening businesses, supporting investment, and creating meaningful connections between enterprises, investors, and opportunities across borders.

Together, we are advancing a global platform where entrepreneurship, investment, enterprise, and cross border collaboration come together to shape The World We Help To Create.

📍 Cairo, Egypt 🇪🇬
📅 6–8 November 2026

The world is coming to Cairo. Get your ticket now!
www.globalentrepreneurshipfestival.com

09/09/2026

Renting commercial property? the VAT treatment may deserve a second look.

Changes to VAT treatment can have consequences far beyond the tax return.

The Second Tax Facilitation Package revises the VAT treatment of certain non-residential premises leases.

For businesses operating from commercial, administrative or other non-residential premises, this may affect:

→ Lease agreements
→ VAT invoices
→ Contract pricing
→ Input VAT recovery
→ Accounting treatment
→ Cash-flow forecasts

The key question for businesses is not simply:

“Is VAT applicable?”

It is:
“Does our current contractual and accounting treatment still reflect the amended rules?”

Businesses should review existing and new lease arrangements before relying on previous VAT assumptions.

Tax treatment should be aligned across the contract, invoice, accounting system and VAT return.

Kozman & Co. | SBC Global, can assist businesses in reviewing the tax implications of their commercial arrangements.

For inquiries:
[email protected]

06/09/2026

What defines a strong Audit & Assurance firm in Cairo?

Today, an audit is no longer simply about compliance or issuing an audit opinion.

With evolving accounting standards, increasing regulatory expectations, economic volatility, and greater scrutiny from investors, lenders, and international groups, businesses need an audit partner who brings judgment, industry knowledge, continuity, and a broader understanding of risk.

A strong Audit & Assurance firm should be able to:

- Understand the business and its industry
- Focus on the areas where financial reporting risk truly lies
- Connect Audit, Tax & Compliance perspectives
- Provide partner-level involvement and timely ex*****on
- Support businesses beyond the audit opinion — with insights that can strengthen decision-making and manage risk

At Kozman & Co., our Audit & Assurance practice is built around these principles, supporting Egyptian enterprises, multinational subsidiaries, and regional groups through statutory audit, group reporting, internal audit and risk assurance, and specialized assurance services.

Because a strong audit should do more than verify the numbers — it should provide confidence in the business behind them.

Read the full article:
https://www.kozman.co/post/what-defines-a-strong-audit-assurance-firm-in-cairo

03/09/2026

Importing machinery for an industrial project? your VAT position may have changed

VAT suspension can significantly affect the cash required to execute an industrial investment.

The amended framework expands the VAT suspension regime to cover certain medical devices used in industrial production.

More importantly, the suspension period may extend beyond the initial one-year period, subject to approval by the Egyptian Tax Authority and within the maximum permitted period.

This means businesses should reassess:
→ Imported machinery and equipment
→ Qualifying medical devices
→ VAT suspension applications
→ Project implementation timelines
→ Cash-flow assumptions

There is another important point:
Input VAT deduction may be available during the suspension period for qualifying machinery, equipment and medical devices.
For capital-intensive businesses, this is not simply a compliance issue.

It can directly affect project cash flow.

Before making the next import or capital expenditure decision, businesses should review the VAT treatment applicable to the project.

Kozman & Co. | SBC Global, can help businesses assess the VAT implications of qualifying investments and transactions.

For inquiries:
[email protected]