Egypt Sees Huge Increase In Tax Revenues
by Lorys Charalambous, Tax-News.com, Cyprus
02 November 2015
Egypt's Ministry of Finance has issued a report showing a marked increase in tax revenues for the months of July and August 2015.
The report shows the highest increase in state revenue for three years, largely down to a tax revenue increase of 29.3 percent overall, with improved collection in the areas of sales tax, payroll taxes, property taxes and excise duties.
The figures reflect the strengthening economy but also the impact of recent tax reforms, including a hike in tobacco duties in February 2015 and an emphasis on improved compliance.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Should I Incorporate My Business In Texas? »
- International Tax Planning »
- unsurprising teething problems »
- Cyprus Laws and Regulations »
- A warren of rabbit holes »
- GDPR, a possible laughing matter? »
- Why is Hong Kong One Of The Best Place To Base Your International Corporation? »
- Banking in UAE »
- VAT in the Construction Industry »
- Why choose New Zealand as an offshore financial centre? »