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Finance Minister: 28M Pounds Paid in Property Tax Advance
Finance Minister Ahmed Kajouk confirmed that citizens' confidence in the real estate tax facilitation package has led to a significant uptake in the use of the mobile application. During the first two months, approximately 612,000 accounts were created, and taxpayers submitted 490,000 tax declarations for over 830,000 real estate units, including 636,000 residential units and 188,000 non-residential units, as well as more than 6,000 establishments. Additionally, taxpayers paid 28 million Egyptian pounds as a prepayment for real estate tax to benefit from the new ease of procedures. The ministry is also working to simplify procedures and improve the application to overcome any challenges faced by taxpayers.
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