Egypt is looking to increase revenues from taxes imposed on tobacco by EGP 7 bn in FY2018-19, according to a document seen by Reuters. The government is targeting tobacco taxes of c. EGP 58.5 bn, up from an expected EGP 51.452 bn this fiscal year.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…