By: Islam Fadl

Cairo – Mubasher: Egypt’s revenues from taxes and charges levied on vehicles surged by 84.27% year-on-year during the first 11 months of fiscal year 2018/2019, according to data released by the ministry of finance.

Revenues from taxes and charges on cars increased to EGP 5.506 billion from July 2018 to last May, compared to EGP 2.988 billion in the year-ago period.

The most populous Arab nation’s total tax revenues stood at EGP 613.38 billion in the 11-month period ended 31 May from EGP 519.49 billion in the prior-year period.

Tax revenues accounted for 80.2% of Egypt’s total revenues which registered EGP 764.6 billion from July 2018 to last May, compared to EGP 639.1 billion in the same period a year ago.

Translated by: Zeinab Adel