Finance Ministry collects EGP 238 bn in taxes during first nine months of FY2016-17 -El Monayer

The Egyptian treasury’s tax haul rose 27% in 9M2016-17, with total receipts ringing in at EGP 238 bn,Deputy Finance Minister Amr El Monayer said, Al Borsa reports. The Finance Ministry is currently working to amend regulations and procedures for late tax payments, according to El Monayer. The government is targeting EGP 433 bn revenue from taxes for the current fiscal year and sees that rising to EGP 604 bn in the fiscal year starting this July. Yesterday was the deadline for individuals to file their returns, while businesses have until the end of April, as we noted yesterday.