Cairo – Mubasher: Taxes collected on returns on the sale of treasury bonds and bills increased by 33.4% year-on-year during the first five months of the current fiscal year.
These taxes went up to EGP 21 billion from 1 July 2018 to the end of November, compared to EGP 14.49 billion in the year-ago period, according to data released by the Ministry of Finance (MoF).
Egypt’s tax returns on commercial and capital transactions levelled up to EGP 21.43 billion at the end of November, while the country’s total revenues rose to EGP 321.07 billion during the same month.
