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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 ...
Egypt's cabinet has approved a draft law to eliminate tax exemptions for state entities in a bid to attract private investment, a cabinet statement said on Wednesday, but the law appeared to ...
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 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 ...
The Giza Necropolis is one of Egypt's main tourist attractions. Tourism is one of the most important sectors in Egypt's economy. More than 12.8 million tourists visited Egypt in 2008, providing revenues of nearly $11 billion. The tourism sector employs about 12% of Egypt's workforce. [226]