Egypt’s Tax Revenues Jump Around 35% in Q1 of Current FY2023/24Source: www.export-egypt.com 12/4/2023, Location: Africa |
|
|
|
|
|
Egypt’s tax revenue jumped 34.83 percent on an annual basis during the first three months of the new fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance .
The Egyptian government collected EGP 285.03 billion ($9.22 billion) in taxes during the first quarter (July-September) of the current FY2023/2024, up from EGP 211.39 billion ($6.84 billion) collected in the same period of FY2022/2023. The official USD/EGP rate is nearly 31. On an annual basis, revenues from income tax and property tax grew by 41.5 percent and 37.4 percent, respectively, in the July-September period, recording EGP 87.62 billion and EGP 54.24 billion. Value-added tax (VAT) revenue jumped to EGP 127.86 billion in July-September from EGP 100.26 billion in the year-ago period. Egypt’s total revenue reached EGP 335.13 billion in July-September from EGP 258.85 billion in the same period of FY2022/2023. Total revenue rose 15.5 percent in FY2022/23, driven by a 27.2 percent surge in tax revenue. The Egyptian government targets collecting EGP 2.14 trillion in revenue in the FY2023/2024 budget, including EGP 1.53 trillion in taxes. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 6/1/2024 - Housing and Urban Communities Minister Assem el Gazar announced that the New Urban Communities Authority (NUCA) will suspend the system of land alloca...
|
Egypt >> 6/1/2024 - Spokesman for the Consumer Protection Agency (CPA) Islam el Gazzar asserted the application of "Price Radar" is mainly helping control prices of diffe...
|
|
Egypt >> 6/1/2024 - First Deputy Chairman of the Federation of Egyptian Chambers of Commerce (FEDCOC) Hany Mahmoud lauded the level of progress in the sector of communica...
|
Egypt >> 6/1/2024 - Minister of Social Solidarity and Board Chairman of Nasser Social Bank Nivine el Kabbag said that the bank succeeded in increasing the wallet of the r...
|
|
Egypt >> 6/1/2024 - The State is maintaining its support for low-income brackets, said Spokesperson for the Cabinet Mohamed el Homsani.
He added in televised r... |
Egypt >> 6/1/2024 - Minister of Communications and Information Technology Amr Talaat had a meeting with Singaporean Minister for Communications and Information Josephine ...
|
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | |
