Egypt and global economy brief
Tax Authority: risk-management system generates EGP 14bn in revenue
An RE brief based on a story published by Al Borsa on 10 November 2026.
Read the full story at the sourceThe story in brief
Rasha Abdel Aal, head of the Egyptian Tax Authority, said the risk system generated tax proceeds of about 14 billion pounds, while 750,000 voluntary reports contributed proceeds of about 97 billion pounds. At a seminar organized by the Journalists Syndicate, she outlined the authority’s focus on easing procedures and encouraging voluntary compliance, alongside tax relief packages for small businesses.
Key numbers
- 14 billion pounds
- Proceeds from the risk system
- 97 billion pounds
- Proceeds from voluntary reports
- 20 million pounds
- Annual turnover ceiling for the simplified system
- 0.5% to 1.5%
- Income tax on covered businesses
- 5 years
- Tax examination exemption
Why it matters for brokers
The simplified tax system for businesses with annual turnover not exceeding 20 million pounds sets income tax at 0.5% to 1.5% of turnover and exempts compliant businesses from examination for 5 years. Covered businesses can remit VAT every 3 months, and the Ministry of Finance and the agency are working to provide low-interest financing to businesses joining the formal system.
RE's reading of the story. It is not part of the original report and not investment advice.