Tax revenues for Q1 of fiscal 2018/19 at EGP 8 bln above target: Egypt's Tax Authority

Ahram Online , Wednesday 7 Nov 2018

The head of Egypt's Tax Authority Emad Sami said on Wednesday that EGP 115.9 billion in tax revenues were collected in the first quarter of fiscal year 2018/19, Al-Ahram Arabic news website reported.

In a meeting with the members of the Planning and Budget Committee at the House of the Representatives, Sami also said there was an increase of EGP 8 billion in tax revenues in Q1 of FY 2018/19 compared to the same period the previous year.

Sami added that the current tax revenues are divided into EGP 48.8 billion from income taxes and EGP 67.1 billion from the value-added tax. 

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