COMPARISON OF EGYPTIAN TAX SYSTEM WITH TURKISH TAX SYSTEM

In the Republic of Egypt, the changes in the last five years deeply affected the economy. The tax system has also been affected by these changes and the need for reform has been needed. In order to obtain loans from the International Monetary Fund, several economic reforms have been launched in Egypt. As a result of the tax system reforms, the implementation of value added tax and the share of tax revenues in total revenues increased. In addition to other oil and tax revenues in Egypt, the revenues from the Suez Canal are important sources of income, earning about five Billion Dollars each year. Although the tax system in Egypt have a great number of similarities with Turkish tax system, it also has some different aspects of the application. In this study, the structure of the Egyptian tax system was analyzed in comparison with the Turkish tax system. It was found that, compared to the Turkish tax system, the number of taxes and tax rates in the Egyptian Tax System are lower. On the other hand, tax revenues obtained in Turkey are more advantageous than those in Egypt in terms of financing public spending