Budget Allocates 700M for Property Tax
The Egyptian House of Representatives has approved support for real estate tax on properties used in industrial activities in the 2026/2027 budget, amounting to approximately 700 million Egyptian pounds. This step is part of the government's efforts to alleviate financial burdens on the industrial sector. This support comes in the framework of Cabinet Decision No. 61 of 2022, which began implementation in January 2022 and is scheduled to continue until the end of 2026, following an amendment to the decision under No. 3 of 2024. The funding aims to promote the continuity of industrial activity, maintain the sector's competitiveness, and stimulate production by reducing costs for industrial establishments.
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