This increase was driven by strong engagement from taxpayers following the government’s recent tax facilitation initiatives.
Speaking at a press conference, Kouchouk revealed that tax revenues increased by EGP 500 billion during the first 11 months of the 2024/2025 fiscal year, which ends on 30 June. He stressed that the rise came “without imposing any new financial burdens” and attributed the growth to tax incentives and simplification measures.
As part of the initiative, the Ministry of Finance reported the following figures:
- 110,000 requests were submitted to close old tax files
- 450,000 amended or newly filed tax returns were received under the facilitation framework
- 53,000 new taxpayers voluntarily registered in the electronic tax system
“These numbers reflect a strong start in rebuilding trust and fostering a genuine partnership with the business community,” Kouchouk said, crediting taxpayers and tax authority staff for the early success of the reforms.
The minister emphasized that the additional revenues have been directed toward increasing government spending on healthcare, education, and social protection, which aligns with national development priorities.
Looking ahead, Kouchouk confirmed that “the first package of real estate tax facilitations will be implemented in the first quarter of the upcoming fiscal year,” and that the “initial customs facilitation package is expected to receive final Cabinet approval soon.”
These steps, he added, aim to “further ease business operations and stimulate foreign trade and investment.”
Kouchouk concluded by reaffirming the government’s commitment to expanding the reform programme: “Further tax relief packages are under development to address on-the-ground challenges and promote sustainable economic growth.”
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