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Egypt collects $6bn disputed taxes

Egypt collects $6bn disputed taxes
Minister of Finance Mohamed Maait

Cairo – Mubasher: The Egyptian government has collected EGP 100 billion ($6.02 billion) taxes from tax appeal commissions, finance minister Mohamed Maait stated on Wednesday.

President Abdul Fattah El-Sisi directed the government to settle the remainder of tax disputes as soon as possible to support governance and ensure the rational management of Egypt’s assets and resources.

Egypt’s international reserves rose by $565 million month-on-month to $44.916 billion in July, compared to $44.351 billion in the previous month.