ArabFinance: Tax revenues grew by 18.8% during the two-month period between July and August of the fiscal year (FY) 2021/2022, the Finance Ministry announced in a report.
Tax revenues recorded EGP 109.8 billion during the July-August period of FY 2021/2022, compared to EGP 92.4 billion in the same period of the FY 2020/2021.
According to the report, tax revenues from sovereign bodies increased by EGP 14.8 billion, registering EGP 24.6 billion in July and August of the current fiscal year, against EGP 9.7 billion of the corresponding period of the past fiscal year.
Additionally, tax receipts from non-sovereign bodies went up by EGP 2.4 billion to record EGP 85.3 billion in the July and August of the fiscal year 2021/2022, versus EGP 82.8 billion in the same period of the past fiscal year.
Tax receipts from value-added tax hiked by 12.8%, recording EGP 52.3 billion in July and August of the current fiscal year.
Tax revenues collected from the Suez Canal Authority increased by 10.4% within two months to stand at EGP 17.3 billion, the ministry added.
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