{"id":648403,"date":"2017-04-03T04:14:52","date_gmt":"2017-04-03T04:14:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/finance-ministry-collects-egp-238-bn-in-taxes-during-first-nine-months-of-fy2016-17-el-monayer\/"},"modified":"2017-04-03T04:14:52","modified_gmt":"2017-04-03T04:14:52","slug":"finance-ministry-collects-egp-238-bn-in-taxes-during-first-nine-months-of-fy2016-17-el-monayer","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/finance-ministry-collects-egp-238-bn-in-taxes-during-first-nine-months-of-fy2016-17-el-monayer\/","title":{"rendered":"Finance Ministry collects EGP 238 bn in taxes during first nine months of FY2016-17 -El Monayer"},"content":{"rendered":"<p><strong>The Egyptian treasury\u2019s tax haul rose 27% in 9M2016-17<\/strong>, with total receipts ringing in at EGP 238 bn,Deputy Finance Minister Amr El Monayer said, <a href=\"http:\/\/www.alborsanews.com\/2017\/04\/02\/1004536\">Al Borsa<\/a> 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 <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/02\/what-were-tracking-on-02-april-2017\/\">we noted yesterday<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 EGP 433 bn revenue from [&hellip;]<\/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-648403","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"99112b2e-83bb-4d07-93fa-65bb3892ef31","order":"0","is_powered_by":true,"section_story_id":"cea180bb-77d4-4829-8ae1-c71cd62ce468","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648392],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Finance Ministry collects EGP 238 bn in taxes during first nine months of FY2016-17 -El Monayer - 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\/04\/03\/finance-ministry-collects-egp-238-bn-in-taxes-during-first-nine-months-of-fy2016-17-el-monayer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry collects EGP 238 bn in taxes during first nine months of FY2016-17 -El Monayer\" \/>\n<meta property=\"og:description\" content=\"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 EGP 433 bn revenue from [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/finance-ministry-collects-egp-238-bn-in-taxes-during-first-nine-months-of-fy2016-17-el-monayer\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-03T04:14:52+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/finance-ministry-collects-egp-238-bn-in-taxes-during-first-nine-months-of-fy2016-17-el-monayer\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/finance-ministry-collects-egp-238-bn-in-taxes-during-first-nine-months-of-fy2016-17-el-monayer\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Finance Ministry collects EGP 238 bn in taxes during first nine months of FY2016-17 -El Monayer\",\"datePublished\":\"2017-04-03T04:14:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/finance-ministry-collects-egp-238-bn-in-taxes-during-first-nine-months-of-fy2016-17-el-monayer\/\"},\"wordCount\":113,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"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\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/finance-ministry-collects-egp-238-bn-in-taxes-during-first-nine-months-of-fy2016-17-el-monayer\/\",\"name\":\"Finance Ministry collects EGP 238 bn in taxes during first nine months of FY2016-17 -El Monayer - 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The proceeds exceeded the ministry\u2019s target by 1%, notes Al Masry Al Youm. Income\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":650302,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/cabinet-to-implement-stamp-tax-in-1-may\/","url_meta":{"origin":648403,"position":1},"title":"Cabinet to implement stamp tax in 1 May","author":"enterpriseam admin","date":"21 March 2017","format":false,"excerpt":"Speaking of which, the government will begin implementing the stamp tax on 1 May, Deputy Finance Minister Amr El Monayer said, adding that it will be collected on transactions in listed and non-listed stocks, bonds, and over the counter securities, as well as mergers and acquisitions, according to Reuters. 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The growth was driven by a 41% y-o-y increase in income tax collections to EGP 103 bn, as well as 83% y-o-y rise in proceeds from\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":642474,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/tax-revenues-for-fy2016-17-exceeded-targets-for-the-first-time-ever\/","url_meta":{"origin":648403,"position":3},"title":"Tax revenues for FY2016-17 exceeded targets for the first time ever","author":"enterpriseam admin","date":"15 August 2017","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":648403,"position":4},"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 &quot;Egypt Politics + Economics&quot;","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":650661,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/29\/vat-revenues-to-rise-by-egp-7-8-bn-with-rate-increase-el-monayer\/","url_meta":{"origin":648403,"position":5},"title":"VAT revenues to rise by EGP 7-8 bn with rate increase -El Monayer","author":"enterpriseam admin","date":"29 March 2017","format":false,"excerpt":"Raising the value-added (VAT) rate to 14% from 13% in FY 2017-18 should bring in an extra EGP 7-8 bn in revenues, Deputy Finance Minister Amr El Monayer told Reuters. 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