Gov’t Uncovers New Facilitation for Real Estate Taxpayers

Gov’t Uncovers New Facilitation for Real Estate Taxpayers

Egypt’s Ministry of Finance, in cooperation with the Arab Organization for Industrialization, will begin to provide new outlets, or “Caravans,” through which taxpayers residing in seasonal areas will be able to pay their real estate taxes, Invest-Gate reports.

The initiative’s first phase will be launched in Ain Sokhna, Taba, Ras Sudr, and the North Coast, aiming to ease the citizens’ commutation from their residences in these areas to Cairo to pay taxes due, according to a ministerial statement on July 24.

In its statement, the ministry emphasized the importance of carrying on the program’s implementation for developing a legit real estate taxation system to ensure performance quality and service upgrade, and thus, facilitate access to government services.

Head of Real Estate Taxation Authority Samia Hussein pointed out that there is an ambitious program is underway, thereby developing real estate tax departments and facilitating real estate tax payments, in accordance with the law.

The typical real estate tax office, which was recently opened in New Cairo to serve citizens of the Third Settlement and Fifth Settlement, is a model of modernizing the work environment, Hussein elaborated.

On July 17, the finance and military production ministries signed a cooperation protocol to automate the country’s property taxes, coming as part of the state’s plan to attain financial inclusion through the automation of all payments, according to an earlier statement.

While aiming to guarantee a more efficient system for all financial transactions, and providing more reliable performance and services, the new database is also meant to ease taxation payment, in line with the new real estate tax law, the statement added.

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