Latest in Tag: Tax Revenues Highlight
Latest in Tag: Tax Revenues

Egypt targets EGP 166.38bn increase in total tax revenues in FY 2018/19
Tobacco tax revenues increased EGP 7.072bn compared to expected FY 2017/18 financial results

New incentives to maximise tax revenues, comprehensive restructuring of IRS: Finance Ministry
New legislation stipulates that collecting taxes protects the rights of the state, taxpayer

Tax revenues reach EGP 36.1bn from July to August
Tax on goods and services accounted for first place of tax revenues, amounting to EGP 19.2bn

Increase in air tickets prices adds EGP 330m to budget: Tax Authority Head
Hiking transport prices reduces budget deficit, Mattar says

Government widens exempted tranche of tax income
Economic expert and advisor to the Minister of Planning Abdel Fattah El-Gebaly said the move will increase the net income of employees, noting that it curbs inflation on the long-term

Government aims for 15.8% tax revenues growth in FY 2015-2016
Expected tax revenues for FY 2015-2016 are EGP 422bn, through application of VAT and fighting tax evasion

EGP 44bn tax revenue increase by end of April
Budget deficit increased to EGP 230.9bn from July 2014 to April 2015 representing 9.9% of the GDP

1H of FY 2014/2015 sees tax revenue rise, decreasing budget deficit growth: Finance ministry
Financial grants recorded EGP 7.8bn in 1H FY 2014/2015 compared to EGP 36.8bn in 1H FY 2013/2014

Tax revenues record EGP 125bn
EGP 5bn increase year on year in tax revenues in the period from July to February

Budget deficit reaches EGP 175.9bn over last nine months
Finance Ministry: Deficit now at 10.1% of GDP

Tax Authority: Tax revenues jumped 8% in 9M 2012-2013
Former Chairman of Tax Authority calls increases ‘an outcome of economic crisis not economic activity’