Egypt collects LE 358B in taxes in 10 months: CAPMAS

CAIRO – 31 August 2017: Egypt collected LE 358 billion ($20.27 billion) in taxes in the period between July 2016 and May 2017, rising LE 89.4 billion compared to LE 268.6 billion in the year-ago period, state official statistics agency (CAPMAS) said.

In its August bulletin, CAPMAS noted that taxes on goods and services are of the highest taxes that contributed to high revenues, valuing LE 170 billion, followed by income taxes, contributing LE 122.5 billion.

Taxes on international trade reached LE 23.9 billion of total taxes in the ten-month period, while taxes on properties stood at LE 26.7 billion of tax revenues. Other revenues contributed LE 14.6 billion in the same period.