Egypt collects taxes of LE 115.9B in Q1 2018/19

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Egypt collects taxes of LE 115.9B in Q1 2018/19

Post by DJKeefy » Thu Nov 08, 2018 9:01 pm

The Egyptian Tax Authority collected taxes amounting to LE 115.91 billion during the first quarter of the current fiscal year 2018/2019, according to Head of the Authority Emad Samy.

Samy noted that this amount represents 108 percent of the targeted total of LE 107.44 billion, with an increase of LE 8 billion compared to the prior year.

According to Samy, the proceeds are divided to LE 48.8 billion as income tax revenues, and LE 67.1 billion as value-added taxes.

MP Mustafa Salem, the deputy commissioner of the plan and the budget called during the meeting of the Committee on the president of the Egyptian Tax Authority to announce the proceeds of the first three months from July 1 to September 30 as such data are significant for the House of Representatives and citizens.

Salem clarified that tax revenue is one of the main pillars on which the state budget is based.

In 2018/2019 budget, Egypt targets to hit revenues of LE 989.2 billion, where taxes and tariff yields will contribute LE 770.3 billion to the new budget’s revenues.

Source: http://www.egypttoday.com/Article/3/601 ... in-Q1-2018


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Re: Egypt collects taxes of LE 115.9B in Q1 2018/19

Post by Who2 » Fri Nov 09, 2018 6:37 am

Taxes ? Who pays them...A much chearier article in same paper......... 8)

Lonely Planet names Egypt 2019’s most value destination
By: Egypt Today staff Thu, Oct. 25, 2018

CAIRO – 24 October 2018: The world's biggest travel publisher, Lonely Planet, named Egypt the most valuable destination of 2019 on Wednesday, Oct. 24.

The website specified Southern Nile Valley, as one of Egypt’s best places to travel to, stressing that its near-incomparable historical itinerary represents a superb deal for travelers in 2019.

“Egypt’s Southern Nile Valley is the flag-bearer for the country’s return to travel’s super league, and its near-incomparable historical itinerary represents a superb deal for travelers in 2019. For starters, world-class ancient sites hugging the Nile south from Luxor to Aswan are accessible for a few dollars,” Lonely Planet stated on its website.

The publisher added, “If you’re on a cruise, food and land transport will be included; otherwise, it’s easy to make inexpensive arrangements for all but a handful of big-ticket temples and tombs, which are more than worth the admission price themselves.”

In September, Egypt ranked first among the most visited tourist destinations in Africa by Chinese tourists, according to the Chinese tourists network.

In its report, the network said that Egypt was followed by Mauritius, Kenya, South Africa and Tunisia as the most popular tourist destinations visited by Chinese holidaymakers in Africa.

Also, Egypt has been announced as the fastest growing tourist destination in terms of year-on-year percentage increase of visitors, according to the United Nations World Tourism Organization (UNWTO)’s 2018 release on global travel and tourism.

The annual report showed that Egypt welcomed about 8.5 million tourists during 2017 with a 55.1 percent increase, compared to the same period of 2016.

Luxor and Giza were on top of Egypt’s most famous and well-known cities for tourists’ choice, according to the report.
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Re: Egypt collects taxes of LE 115.9B in Q1 2018/19

Post by carrie » Fri Nov 09, 2018 7:19 am

Lots of tourists here, actually saw a long caleche convoy yesterday full of Germans. Winter Palace pool was busy things may be looking up.

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Re: Egypt collects taxes of LE 115.9B in Q1 2018/19

Post by Who2 » Fri Nov 09, 2018 10:40 am

I was informed last week zee Germans are now flying 6 flights a week into Luxor, also Hurgharda is direct from
Berlin, 'gotun himmel!..... 8)
Ps: Hot news President Sisi is due here this week with a top Chinese guy. Jackie Chan, Jet Li ?
Pss: 'Don't step on the freshly painted kerb stones..........
14927
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