This growth was driven primarily by a rise in collections from local payroll taxes, which increased by about EGP 39.8 billion to record EGP 149.7 billion.
QThe Ministry of Finance announced that tax revenues increased by 30.8% during the period from July to February of FY2025/2026, reaching EGP 1.614 trillion, compared to EGP 1.234 trillion during the same period of the previous fiscal year, an increase of approximately EGP 380.3 billion.
In a statement issued on Wednesday, the ministry said that income tax revenues grew by 46.5% to reach EGP 526.7 billion over the eight-month period. This growth was driven primarily by a rise in collections from local payroll taxes, which increased by about EGP 39.8 billion to record EGP 149.7 billion.
The ministry added that revenues from commercial and industrial activity taxes increased by approximately EGP 23.2 billion to reach EGP 69.9 billion, while revenues from non-commercial professions taxes rose by 46.9% to EGP 11.6 billion. Meanwhile, corporate tax revenues climbed by 53%, reaching EGP 290.4 billion.
It also noted that value-added tax (VAT) revenues increased by EGP 129.2 billion, or 22.5%, to total EGP 702.4 billion during the period under review. VAT revenues on goods rose by 14.2% to EGP 374 billion, while VAT revenues on services grew by 31.5% to EGP 100.8 billion.
The ministry further highlighted that property tax revenues increased by about EGP 58.7 billion, or 27.7%, reaching EGP 270.8 billion over the eight months. Revenues from taxes on international trade rose by approximately EGP 10.3 billion, or 13%, to EGP 89.5 billion, while non-tax revenues increased by around EGP 192.7 billion to reach EGP 400.8 billion during the same period.
