Value Added Tax to up tax revenues by 30bn EGP
Chairman of Egyptian Tax Authority Abdel Moneim Matar
Cairo - MENA
Applying Value Added Tax bill will up tax revenues by 30 billion EGP in the 2015/2016 fiscal year, the Tax Authority chairman said.
During a pre-dawn meal Tuesday, Abdel Meneim Matar said the bill is scheduled to be ratified during the new fiscal year.
He said the authority's target is to collect a total of 100 billion EGP in the new fiscal year.
The remaining 70 billion EGP represents 25 to 30 percent of the previous year's taxes.
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