Perm Central Bank of Egypt and the Central Agency for Public Mobilization and Statistics, an agreement to limit the sector of small and medium enterprises in order to create a modern comprehensive statistical data to help the banks to direct their attention to the sector, which is the engine of the national economy for its active role in the development and job creation.

And a statement of the Central Bank, which won a News Egypt www.egynews.net a copy of interest in the sector under the second phase of the plan of developing the banking system which was launched in December 2008 in order to stimulate the interest of banks to small installations.

In the context mentioned, has been assigned the Egyptian Banking Institute to work on building and developing the capacity and skills of bankers working in the financing of such facilities and providing technical support to banks in this regard.

Stems from the concern of small businesses were represented as a bridge to cross the different economies around the world from recession to recovery and consumers to check those of producers has turned individual student the opportunity to work for the manufacturer of a number of opportunities the benefit of others.

In the previous steps, these projects benefited from tax breaks, according to Ministerial Decree No. 414 of 2009 which gave more than several million facility features the most important category of them exempt from the bookkeeping.

The Youssef Boutros Ghali and Minister of Finance that the decision to allow an exemption of small business accounting on the basis of rates of completion if one of its long-term contracts and are replaced on the basis of accounting financial extracts obtained because it is easier to tax accounting and benefit from this small-scale contractors and suppliers in the bidding Assembly, the resolution also provides facilities to pay taxes for 3 batches in this case established Ststny take an opponent on account of the tax.

The Department has decided to discount the value of spending as well as small enterprise for the purchase of the assets necessary for the activity of the tax base in the year of purchase, which is an advantage to encourage the expansion and growth.

And the Department of the ministerial decree to 3 small groups, the first is any less invested capital of 50 thousand pounds and the annual turnover of less than 250 pounds and less than the annual net profit according to the latest link for the final 20 pounds.

The second category includes all facility capital investor for more than 50 thousand pounds and not more than 250 thousand pounds or more than the annual turnover of 250 thousand pounds and not more than a million or more net profit according to the latest link final tax of 20 thousand pounds and not more than 100 thousand pounds.

For the third category, satisfaction to each facility over its capital of 250 thousand pounds or exceeds the annual turnover of million pounds or more than the annual net profit according to the latest final tax link to 100 pounds.

And exempt the first category of books capture any facility if the individual and only the export invoice However, if the established companies are excluded from the bookkeeping activity and only to catch a "notepad" on the bills to keep buying and selling in all cases, and those facilities will be charged according to the agreement signed with interest for the first time these facilities will not be required to prepare a tax return.

And excludes the Finance Minister's decision installations of the second category of bookkeeping activity and only to catch a simple book on a simplified boxes for recording assets, and there are general advantages of waiting for all facilities of all categories including accounting, according to the rules, especially if dealing in the sale of goods priced in algebra, such as medicine, bakeries and grocery store cooking.