29 November 2012

Egypt: Tax Revenues Up to Le 67.68 Bllion in 5 Months

Tax revenues shot up to LE 67.68 billion in the period from July 2012 to November 25, marking a LE 21 billion rise in comparison with the corresponding period last years.

Tax Authority Chairman Mamdouh Omar said on Wednesday 29/11/2012 that tax revenues are Egypt's hope for overriding the current economic crisis.

Omar said the 2012-2103 tax revenues are expected to reach 233 billion.

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