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Egypt’s tax administration has issued a ruling requiring celebrities active on social media to open tax forms for them and collect value-added tax from those whose profits exceed £ 500,000 per year.
With this move, a number of artists are forced to pay the value of this tax on what they present on their pages and channels on various social networking sites.
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Soical Blade calculated that artists’ earnings were determined monthly and annually through the popular “YouTube” video site.
The artist, Mohamed Ramadan’s follower count on YouTube stands at 13.2 million, reaching so far more than 4 billion views out of a total of 516 videos he has shown since his channel launched in October. 2014.
Thus, the average profit of Muhammad Ramadan per month varied between 251,000 pounds and more than 4 million pounds, and in a year between more than 3 million pounds and 48.6 million pounds.
As for Amr Diab, he launched his official YouTube channel in May 2006, with 5.24 million followers.
And he posted 212 videos, bringing the total number of views to date to 1.6 billion, so his monthly profit was between £ 133.3 thousand and 2.1 million, and annually between 1.6 million and 25.1 million pounds.
The profits of popular festival singer Hamo Beka range from 39.2 thousand pounds to 615 thousand per month, and annually between 461.2 thousand pounds to 7.4 million, and Beka has so far reached 9.812 million views in the month. latest, and its channel’s total views have reached 651 million since its launch in September 2018.
As for the net profit of the singer of the festival Hassan Shakoush of his channel, it amounts to between 175.7 thousand and 2.8 million pounds per month, and 2.1 million pounds to 32.9 million per year, since it had 44.75 million views last month.
Tamer Hosny launched his YouTube channel in November 2006, followed by around 7.1 million subscribers worldwide, and the total number of views on the channel has so far reached 2.4 billion and 30.4 million on last month. Hosni’s total profit per month varies between 119.2 thousand pounds and 1.9 million, and annually between 1.4 million and 23.5 million.
And artist Mohamed Hamaki’s channel views on “YouTube” last month reached 42.2 million, especially after the songs on his new album were released, as the total number of views on the channel reached 816. million, since its launch in April 2013, and its average monthly revenues ranged from 166.3 thousand pounds to 2.6 million, and annually between 1.9 million pounds and 31.4 million.
As for festival singer Omar Kamal, he has posted 206 videos on his YouTube channel, achieving a total of 554 million views since its launch in September 2012, and his average monthly profit ranges between £ 72.2 thousand and £ 1.16 million. , and annually between 873.9 thousand. pounds to 13.9 thousand pounds.
Singer Sherine Abdel Wahab’s profits from her channel ranged from £ 80,000 to 1.3 million per month and from £ 964.9 to 15.4 million per year.
Source: “Cairo 24”
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