{"id":642474,"date":"2017-08-15T03:46:40","date_gmt":"2017-08-15T03:46:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/tax-revenues-for-fy2016-17-exceeded-targets-for-the-first-time-ever\/"},"modified":"2017-08-15T03:46:40","modified_gmt":"2017-08-15T03:46:40","slug":"tax-revenues-for-fy2016-17-exceeded-targets-for-the-first-time-ever","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/tax-revenues-for-fy2016-17-exceeded-targets-for-the-first-time-ever\/","title":{"rendered":"Tax revenues for FY2016-17 exceeded targets for the first time ever"},"content":{"rendered":"

Tax revenues for FY2016-17 exceeded targets for the first time ever, <\/strong>Vice Minister of Finance Amr El Monayer said, according to AMAY<\/a>. <\/strong>El Monayer stopped short of specifying a figure, saying an announcement on that will come sometime this week. The last fiscal year was the first for Egypt\u2019s value-added tax at a baseline rate of 13%. Finance Minister Amr El Garhy had estimated last month<\/a> that tax revenues increased during FY2016-17 to EGP 450 bn from EGP 350 bn a year before. On inflation, El Monayer said the government\u2019s forecast is for a 10% rate by the fiscal year starting July 2018. The CBE is sees the figure at 13% by the end of 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tax revenues for FY2016-17 exceeded targets for the first time ever, Vice Minister of Finance Amr El Monayer said, according to AMAY. El Monayer stopped short of specifying a figure, saying an announcement on that will come sometime this week. The last fiscal year was the first for Egypt\u2019s value-added tax at a baseline rate […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642474","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2f689fd2-779a-470a-88c4-2d3c9ffcc156","order":"0","is_powered_by":true,"section_story_id":"27b5866c-9679-443f-95cf-c0420ec93f25","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642462],"teaser":"","voice_url":""},"yoast_head":"\nTax revenues for FY2016-17 exceeded targets for the first time ever - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/tax-revenues-for-fy2016-17-exceeded-targets-for-the-first-time-ever\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax revenues for FY2016-17 exceeded targets for the first time ever\" \/>\n<meta property=\"og:description\" content=\"Tax revenues for FY2016-17 exceeded targets for the first time ever, Vice Minister of Finance Amr El Monayer said, according to AMAY. 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The proceeds exceeded the ministry\u2019s target by 1%, notes Al Masry Al Youm. Income\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648403,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/finance-ministry-collects-egp-238-bn-in-taxes-during-first-nine-months-of-fy2016-17-el-monayer\/","url_meta":{"origin":642474,"position":2},"title":"Finance Ministry collects EGP 238 bn in taxes during first nine months of FY2016-17 -El Monayer","author":"enterpriseam admin","date":"3 April 2017","format":false,"excerpt":"The Egyptian treasury\u2019s 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\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632546,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/finance-ministry-targeting-egp-611-bn-in-tax-revenues-for-fy2017-18\/","url_meta":{"origin":642474,"position":3},"title":"Finance Ministry targeting EGP 611 bn in tax revenues for FY2017-18","author":"enterpriseam admin","date":"13 February 2018","format":false,"excerpt":"The Finance Ministry is targeting EGP 611 bn in tax revenues for FY2017-18, Vice Minister of Finance Amr El Monayer said yesterday, Youm7 reports. The ministry\u2019s target would put tax revenues at 73.5% of GDP, up from 72% last fiscal year. Revenues had reached EGP 433 bn in FY2016-17, marking\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645223,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/","url_meta":{"origin":642474,"position":4},"title":"Gov\u2019t gives its figures for FY2016-17","author":"enterpriseam admin","date":"16 July 2017","format":false,"excerpt":"Gov\u2019t presents its figures for FY2016-17: Planning Minister Hala Saeed appeared to respond to the IMF\u2019s macro indicators with its own forecast, seeing GDP growth for FY2016-17 landing at no less than 4% from an initial projection of 3.8-4%, she said in a press conference on Saturday, according to Reuters.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634701,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/tax-revenues-up-62-y-o-y-in-1h2017-18\/","url_meta":{"origin":642474,"position":5},"title":"Tax revenues up 62% y-o-y in 1H2017-18","author":"enterpriseam admin","date":"22 January 2018","format":false,"excerpt":"Tax revenues for the 1H2017-18 grew 62% y-o-y to EGP 249 bn, Vice Minister of Finance Amr El Monayer said yesterday, Al Mal reports. 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