Egypt reports surge in tax revenue and private investment

Tax reforms in Egypt have tempted more than half a million taxpayers to disclose their income and support the state coffers with large sums.

The ministry said about 600,000 Egyptian tax payers have voluntarily submitted new or revised tax declarations, implemented at the request of the International Monetary Fund, and have paid additional taxes of nearly EGP80 billion ($1.6 billion).

“Their revised declarations showed that their business turnover exceeded EGP1 trillion,” Egypt’s finance minister Ahmed Kouchouk said.

The minister said that Egypt’s tax income surged by nearly 35 percent in the 2024-2025 fiscal year and by about 31 percent in the first eight months of the current fiscal year.

The reforms have also encouraged Egypt’s private sector to boost investment by almost 42 percent in the first quarter of the 2025-2026 fiscal year, which ends on June 30.

Private investments have already increased by nearly 73 percent in the previous fiscal year, Kouchouk said.

In a statement on the ministry’s website Kouchouk said that the surge in private investments indicated a “strong positive movement within the business community”.

“The first package of tax incentives has demonstrated the private sector’s desire to partner with revenue authorities to advance the investment process in Egypt,” he added.

In January former investment and foreign trade minister Hassan Al-Khatib said the country’s tax income soared in 2025 to its highest level in 20 years as a result of reforms, which also include privatisations and attracting investment.

Further reading:

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