Egypt’s Tax Revenues Increase by EGP 500 Billion in FY 2024/2025

Egypt’s tax revenues increased by EGP 500 billion in the first 11 months of the 2024/25 fiscal year, marking a 36% rise compared to the same period last year. According to the Ministry of Finance, total tax collections from July to May reached EGP 1.234 trillion, up from EGP 892 billion a year earlier. Officials attributed the increase to improvements in tax administration, greater compliance, and ongoing economic recovery supported by currency stabilisation and structural reforms.

The gains were spread across key segments, with income tax revenues rising by 21% to EGP 259.6 billion and value-added tax (VAT) climbing 39% to EGP 573 billion. Property tax receipts surged nearly 59% year-on-year, while trade taxes grew 74% to reach EGP 79.2 billion. The government also pointed to the benefits of digitalisation, automation, and a broader tax base as driving forces behind the growth. The performance aligns with broader fiscal targets aimed at reducing the budget deficit and increasing reliance on sustainable domestic revenue.