Egypt Independent

25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry



Tax returns saw a 25.2 percent increase between July and October 2015, according to a monthly report by the Finance Ministry, which praised the surge as a result of “tax reforms” and “economic improvements” with the beginning of the current fiscal year.
 
Unemployment saw a decline between July and September to 12.8 percent, down from 13.1 percent during the same period of the preceding year.
 
Gross domestic product stood at 4.2 percent during fiscal year 2014/2015, up from 13.1 percent during the same period in 2013/2014.
 
The annual average of urban inflation slowed down to 9.3 percent between July and November 2015/2016, that is down from 10.9 percent during the same period of last year.