Egyptian tax system collects LE 14 billion
A new risk-assessment system generated LE 14 billion from voluntary disclosures and identified non-compliance.
Egypt's Tax Authority has collected LE 14 billion through its new tax risk-assessment system, announced Rasha Abdel-Aal, the authority's head. The system received approximately 750,000 voluntary disclosures, contributing to a total tax yield of LE 97 billion.
The risk-assessment system uses big data and artificial intelligence to electronically screen taxpayer files, classifying them by compliance level without human intervention. This approach directs inspection teams only to high-risk files, sparing compliant taxpayers from routine audits.
This digital transformation aims to balance public treasury resources with the interests of the business community. The Tax Authority is also introducing tax facilitations to encourage informal sector businesses to regularize their status and integrate into the formal economy.