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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 list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance tax. Personal income tax includes all applicable taxes, including all unvested social security contributions.
The most common type of tourist tax in Europe and the United States is to levy a tax on accommodation known as a hotel tax, occupancy tax, lodging tax or bed tax. [5] The tax is levied against individuals when they rent accommodation (a room, rooms, entire home, or other living space) in a hotel , inn , tourist home or house, motel , or other ...
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 ...
The Egyptian tourism industry is one of the most important sectors in the economy, in terms of high employment and incoming foreign currency. [127] It has many constituents of tourism, mainly historical attractions especially in Cairo, Luxor and Aswan, but also beach and other sea activities. The government actively promotes foreign tourism ...
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
A trickle of intrepid European tourists is even flowing into beach resorts like Sharm el-Sheik and Taba. But so far, most Americans are giving Calm May Have Returned to Egypt, but Not American ...
A new income tax law, passed in 1997 and effective 1998, determined residence as the basis for taxation of worldwide income. [168] The Philippines used to tax the foreign income of nonresident citizens at reduced rates of 1 to 3% (income tax rates for residents were 1 to 35% at the time). [169]
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related to: is egypt expensive for tourists tax purposes meaning list