Egypt’s tax revenues exceed target for 1st time - MoF

Cairo - Mubasher: The Egyptian deputy finance minister for tax policies, Amr El Mounir, said that total tax returns for fiscal year 2016/2017 grew by 30% compared to the expected amount of EGP 433 billion.

El Mounir added that this is the first time tax revenues surpass the level targeted by the government, according to Almasry Alyoum.

The deputy minister also attributed the increase to legislative reforms, and the introduction of the value-added tax law.

Mubasher Contribution Time: 16-Jul-2017 12:58 (GMT)
Mubasher Last Update Time: 16-Jul-2017 12:58 (GMT)