The Egyptian Tax Authority’s (ETA) revenues accounted for more than 80 percent of the state’s general budget, said an official within the Finance Ministry.
Irfan Fawzi, Director General of Tax Training at the Finance Ministry, explained that the ETA is the main financier of the state budget.
These tax revenues contribute to building the state’s infrastructure, he explained, and towards financing various national projects.
Fawzi added that the tax authority has adopted a new strategy with a serious plan in place for digital transformation, he explained, in order to keep pace with development globally and not just the Arab region.
Egypt in June imposed new taxes on mobile phones and electronic devices imported from abroad, as part of a series of taxation measures.
This included imposing new taxes on mobile phones, phone components and any accessories at five percent of their value, in addition to the value-added tax and other and fees.
These measures also increased the fees imposed on certain items and introduces new fees on athlete contracts, coaching teams and the licenses of sports companies.
Egypt has taken reform measures concerning taxes such as drafting a new law on income tax in July 2019, and inserting amendments to the Value Added Tax (VAT) law.
