Suez Canal tax take hit EGP 55.6bn in Jul-Dec, as Egypt’s tax revenues jumped 32% to EGP 1.204tn.
Tax receipts linked to the canal rose to EGP 55.6 billion in July to December FY2025/26 - Business Today
Tax receipts collected from the Suez Canal rose sharply in the first half of Egypt’s FY2025/2026, reaching EGP 55.6 billion between July and December, up EGP 13.3 billion, a 31.3% year-on-year increase, according to figures cited from the Ministry of Finance’s monthly financial report.
The pickup came as Egypt recorded a broad-based rise in tax revenues over the same period. Total tax collections reached about EGP 1.204 trillion in July to December FY2025/26, an increase of EGP 291.8 billion compared with the same period a year earlier, representing 32% annual growth, driven by higher receipts from both sovereign and non-sovereign entities.
The report data showed tax receipts from sovereign entities rose to EGP 283.2 billion, up EGP 61.6 billion or 27.8%, while non-sovereign entities contributed EGP 921.1 billion, up EGP 230.2 billion or 33.3%.
Among the main components, income tax receipts climbed to EGP 380.1 billion, up EGP 121.6 billion or 47%, supported by stronger collections from local wage taxes and business activity, according to the report breakdown.
Corporate tax receipts reached EGP 225.7 billion, up EGP 76.8 billion or 51.6%, with the report also listing Suez Canal tax receipts at EGP 55.6 billion within the corporate tax headline.
VAT rose to EGP 516.5 billion, up EGP 99.7 billion or 23.9%, with services VAT and hotels and restaurants among the fastest-growing sub-items in the breakdown cited from the report.
