Rasha Abdel Aal, Tax Authority Commissioner, affirmed that the "Tax Facilitations" track, which focuses on building confidence, partnership, and certainty with business community, stimulates voluntary compliance and attracts new taxpayers. She pointed out that tax revenues recorded EGP 2.2 trillion, with 35% growth rate, during the last fiscal year without any new taxes or additional burdens.

 

 

"More than 141,000 taxpayers voluntarily registered with the e-commerce unit, generating revenues of EGP 7.7 billion, with a growth rate of 84%. Another 746,600 taxpayers registered for value-added tax and more than 805,000 taxpayers registered for income tax," said Rasha Abdel Aal in a press conference held by the Minister of Finance, Ahmed Kouchouk, to announce the financial performance results for the past year.

 

 

"EGP 290.3 billion in tax revenues were generated by the Treasury Bills and Bonds Unit, with a growth rate of 81%, and EGP 26.1 billion for securities, with a growth rate of 43.6%," added Rasha Abdel Aal. "3.2 billion e-invoices and e-receipts were issued during the past fiscal year.

 

 

 She explained that the value of tax collected from dispute settlement and accounting for real estate transactions and unlisted securities amounted to EGP 10 billion, and that we continue to connect all entities to further govern the tax community. EGP 177.4 billion in tax revenues were generated from electronic tax returns of 2024, with a growth rate of 107%.

 

 

Rasha Abdel Aal stated that EGP 7.6 billion in value-added tax was refunded, with a growth rate of 200%, and EGP 12.2 billion in tax revenues were generated through the risk management system by the end of last June. 152,400 taxpayers benefited from the maximum late payment fee and additional tax of EGP 17 billion.