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The government actively promotes foreign tourism since it is a major source of currency and investment. The political instability since January 2011 caused a reduction in tourism, [128] but the next year it was rising. [129] In Upper Egypt, tourists that "provided one of the most important sources of income besides farming has dried out". [130]
Tourism is one of the leading sources of income, crucial to Egypt's economy.At its peak in 2010, the sector employed about 12% of workforce of Egypt, [1] serving approximately 14.7 million visitors to Egypt, and providing revenues of nearly $12.5 billion [2] as well as contributing more than 11% of GDP and 14.4% of foreign currency revenues.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
Egypt is seeking to double the number of visitors to the country in the next five years, its top tourism official told The Associated Press. Egypt is aiming at reaching 30 million visitors by 2028 ...
Now that Egypt President Hosni Mubarak's 30-year-rule has ended, one question is when will tourists return to the country? Egypt's economy relies heavily on
The Tax for Sustainable Tourism is specifically hypothecated managed by a special government commission for water infrastructure, cultural restoration and environmental preservation. [15] They also took the decision in 2024 to use a portion of their tourist tax income to diversify their economy and reduce their dependency on tourism industry. [21]
At Egypt's Red Sea resorts, visitor numbers are well below previous years. Tourism accounts for up to 15% of Egypt's national output, and officials said it was losing around $1 billion each month ...
In post-conquest Egypt, most communities were taxed using a system which combined a land tax with a poll tax of 2 dinars per head. [185] Collection of both was delegated to the community on the condition that the burden be divided among its members in the most equitable manner. [ 185 ]