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Corporate taxes and Suez Canal revenue forecast for 2026
Recent financial reports reveal that the government achieved a significant increase in public revenues from July 2025 to May 2026, with total revenues reaching approximately 3 trillion Egyptian pounds. This represents an increase of 730.2 billion pounds, or a 32.5% growth compared to the previous year. The revenue boost primarily came from strong growth in taxes, which accounted for 83.6% of the total, especially income taxes, which rose by 34.4% to around 950 billion pounds, along with increases in corporate taxes, payroll taxes, and business activity taxes. Value-added tax (VAT) also saw a rise of 24.3%, while property taxes increased by 20.1%. Additionally, taxes on the Suez Canal and international trade experienced growth. This growth comes as part of the tax reform efforts aimed at enhancing the state's resources, with expectations of continued strong tax revenue in the future.
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