Cairo – Mubasher: The Egyptian ministry of finance has collected EGP 6.3 billion during the first phase of exemptions from late filing penalties up to 90%. 

The ministry said in a statement on Saturday that more than 50,474 files have been closed after reconciliation, with a total value of EGP 12.5 billion. 

The second phase began on Tuesday with exemptions up to 70%, the ministry noted.