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In page Economy of Egypt:
"Major fiscal reforms were introduced in 2005 to tackle the informal sector which according to estimates represents somewhere between 30% and 60% of GDP. Significant tax cuts for corporations were introduced for the first time in Egyptian history. The new Income tax Law No 91 for 2005 reduced the tax rate from 40% to 20%. According to government figures, tax filing by individuals and corporations increased by 100%.[citation needed]
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