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Finance Deputy: Most real estate taxes moved online
Statements from the Assistant Minister of Finance for Tax Policies indicated that a large portion of real estate tax transactions in Egypt have shifted to electronic services via mobile applications, making it easier for citizens to file their declarations and pay taxes from anywhere. He also noted that the first phase of the real estate tax automation includes electronic filing, reporting, and payment, with the second phase scheduled to begin in January 2027, during which the tax will be imposed electronically. The final phase aims to automate all relevant documents by July 2027. The finance official also announced an increase in the property tax exemption for personal residences from 2 million to 8 million Egyptian pounds, relying on independent and specialized assessments to ensure fair market valuation. Additionally, there is consideration of preparing a third package of tax incentives aimed at simplifying procedures for citizens.
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