Egypt’s Tax Authority Reports EGP 2.2 Trillion Revenues in FY 2023/2024, Driven by Voluntary Compliance and Digital Integration
Egypt’s Tax Authority announced that tax revenues reached EGP 2.2 trillion in the last fiscal year, reflecting a robust 35% growth rate without the introduction of any new taxes or additional burdens on taxpayers.
Speaking at a press conference alongside Finance Minister Ahmed Kojak, Rasha Abdel Aal, Head of the Egyptian Tax Authority, emphasized that the government’s “tax facilitation track”—built on trust, partnership, and certainty with the business community—has been key in boosting voluntary compliance and attracting new taxpayers into the system.
Expanding the Tax Base
Abdel Aal revealed that more than 141,000 taxpayers registered under the E-Commerce Unit, generating EGP 7.7 billion in revenues, an 84% increase year-on-year. In addition, 746,600 taxpayers registered under VAT and over 805,000 under income tax.
The Treasury Bills and Bonds Unit collected EGP 290.3 billion, up 81%, while revenues from securities transactions rose 43.6% to EGP 26.1 billion. Meanwhile, electronic filing and invoicing adoption has accelerated, with 3.2 billion e-invoices and e-receipts issued last year alone.
Strong Uptake of Digital and Settlement Mechanisms
The Authority also reported:
EGP 177.4 billion in revenues from electronic tax returns for 2024, growing 107%.
EGP 10 billion collected from dispute settlements, real estate transactions, and unlisted securities.
EGP 12.2 billion in revenues through the Risk Management System.
EGP 7.6 billion refunded under VAT rebates, marking a 200% increase.
152,400 taxpayers benefited from reductions in late fees and additional taxes, amounting to EGP 17 billion in relief.
Commitment to Reform
Abdel Aal stressed that the Authority is pressing ahead with linking all government entities to strengthen tax governance and transparency. “We are committed to building a modern, digital, and trusted tax system that supports sustainable growth while easing compliance for businesses and individuals alike,” she said.
The figures reflect Egypt’s ongoing tax reform and digital transformation agenda, which seeks to broaden the tax base, reduce the informal economy, and foster greater investor confidence.