Egypt Independent

Christmas cabaret tax revenues double in 2017



Tax revenues collected from 2017 Christmas cabaret events held between December 24 and 31 were worth double 2016’s revenues, generating LE 10.5 million, announced the undersecretary of the Finance Ministry Samia Hussein.

The revenues were mainly collected in five major governorates, including Cairo, Giza, the Red Sea, South Sinai, and Alexandria, said Hussein, who is also the Chairwoman of the Real Estate Tax Authority.

Christmas cabaret revenues in 2016 totaled LE5.2 million between the same period in 2016, Hussein told Al-Masry Al-Youm.

The Real Estate Tax Authority intensified its inspections to ensure that cabaret organizers paid taxes, which contributed to raising the size of revenues this year, according to Hussein.

The Cairo governorate ranked first in terms of Christmas cabaret tax revenues with LE 3.3 million, compared to LE 2.1 million in 2016. Giza ranked second with LE 3.2 million, compared to LE 769,000 in 2016. While the Red Sea governorate came third with LE 2.6 million, compared to LE 647,000 in 2016.

Cabaret taxes collected in both South Sinai and Alexandria stood at LE 1.3 million, she added.

Edited translation from Al-Masry Al-Youm