Orascom Telecom Tops Tax Payers in 2012 By EGP 1.5 Bln

Orascom Telecom Holding (OTH) (ORTE.CA) topped the list of companies that paid taxes for the first time ever during the tax season 2012.

OT paid EGP 1.5 billion taxes with an increase of EGP 700 million than Telecom Egypt (ETEL.CA), the top of the list in the past five years, which paid EGP 800 million (fourth in the list).

National Bank of Egypt (NBE) came second after paying EGP 1.2 billion and Banque Misr came third with EGP 1.1 billion.