Egypt raises tax collection efficiency by 15% – minister

The new electronic filing system for the submission of tax returns saw a 91% growth in the number of registrations

  
Finance Minister Mohamed Maait speaks during a news conference in Cairo, Egypt July 5, 2018. Image used for illustrative purpose

Finance Minister Mohamed Maait speaks during a news conference in Cairo, Egypt July 5, 2018. Image used for illustrative purpose

REUTERS/Mohamed Abd El Ghany
Cairo –  The Egyptian Minister of Finance, Mohamed Maait, said that the efficiency of tax collection improved by 15% due to the use of electronic systems in the 2021 tax season, despite the coronavirus (COVID-19) pandemic.

The new electronic filing system for the submission of tax returns saw a 91% growth in the number of registrations, with 45% more people submitting their tax returns compared with 2018.

In addition, tax revenues increased by 26.6% compared with 2020, the minister added.

Maait said that 1,842 companies completed the electronic documents, while more than 23.5 million e-bills have been presented.

Source: Mubasher

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