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Egypt's Finance Minister Reports 28% Rise in Tax Revenue and 55% Increase in Export Support
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Egypt's Finance Minister Reports 28% Rise in Tax Revenue and 55% Increase in Export Support
At a joint committee meeting, officials announced new tax facilitations, customs reforms, and progress on clearing export arrears.
- Finance Minister Ahmed Kojak said export support rose 55% to 28 billion pounds and tax revenues increased 28% during the past fiscal year without new burdens.
- Tax Authority head Rasha Abdel Aal said the second tax facilitations package will be applied once the laws are issued, and the tax dispute resolution law is extended until December 2026.
- Customs Authority head Ahmed Amawy said they are simplifying procedures and implementing an advanced risk management system for pre-clearance.
- Consultant Nevin Mansour said 70 billion pounds have been paid to exporters over six years, and they aim to clear all arrears within two years.
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