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Egypt records 29% rise in tax revenues, with no new levies

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Egyptian Gazette
Home Business

Egypt records 29% rise in tax revenues, with no new levies

by Gazette Staff
June 1, 2026
in Business, Egypt
Egypt records 29% rise in tax revenues, with no new levies 12 - Egyptian Gazette
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Egypt’s tax revenues have risen by 29 per cent over the period July 2025-March 2026, compared with the same period a year earlier, Finance Minister Ahmed Kouchouk said on Monday, noting that no new burdens were imposed on taxpayers.

The minister referred the rise to stronger economic activity, a broader tax base, and ongoing efforts to simplify the tax system.

Speaking to members of the business community, Kouchouk said the government had begun to reap the benefits of its tax incentives and facilitation programme.

He added that the 2026/2027 fiscal year would see the introduction of new tax, customs, and real estate facilitation packages aimed at easing obligations on citizens and investors.

The minister said 40 tax and customs measures had been introduced to support investors, encourage business expansion, and stimulate economic growth.

He noted that the government was also working to reduce customs clearance times, boost trade activity, and enhance Egypt’s competitiveness.

Kouchouk also announced plans to launch mobile applications for real estate taxes and property transactions, alongside the expansion of premium tax centres, as part of efforts to support digital transformation and improve services for taxpayers and investors.

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WB raises Egypt’s FY2025/26 growth forecast to 5.1 pct

President Sisi: Protecting the state, its institutions duty of all Egyptians

FIFA postpones FIFAe Finals in S. Arabia following attacks

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IMF warns Gulf economies may take years to recover from war

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