Tax revenues
The ministry said that tax revenues from sovereign bodies increased by LE 14.8 billion to register LE 24.6 billion in July and August of the current fiscal year, against LE 9.7 billion of the corresponding period of the past fiscal year.
The finance minister affirmed that Egypt will achieve the target growth rate of 5.6 percent by the end of the current fiscal year.
South Africa’s finance minister is expected to address concerns over dwindling tax revenues in his mid-term budget on Wednesday.
Eastern Company has paid a total of LE 42 billion Eastern Company has paid a total of LE 42 billion ($2.3 billion) in sales tax to the Egyptian Tax Authority.
Egyptian finance ministry announced that tax revenues have reached $ 17.9 billion, with a 33.5% increase during the 10 months from July 2016 to April 2017.
Tax revenues recorded 291.13 billion EGP during the first ten months of the current fiscal year (FY) 2016/17
The president directed to expand social protection programs to ease the burden on the low-income and most needy people.
