EGP 5bn tax proceeds to E-Finance over 5 years: Company chairman

Technology corporation E-Finance received EGP 5bn in tax proceeds from July 2009 to the end of 2014, according to Chairman of the Board Ibrahim Sahran.

Sahran added that the online tax payment system is currently working with nearly 33 banks, as well as Egypt Post, through 3,439 bank branches and 1,405 post offices.

“Whenever we were able to collect taxes through the online payment system provided by E-Finance, that helped increase growth,” Sahran said.

The company hopes to collect 80% of customs proceeds as opposed to the current 75%, he explained.

E-Finance was able to provide services for 6 million pensioners nationwide over a short time, according to the company.