1 Day
Source:
الموجز
Law Eases Building Fines
A government meeting chaired by Egyptian Prime Minister Mostafa Madbouly discussed proposals to amend the law governing the settlement of building violations. The proposed relief measures would be implemented within no more than 12 months of the amendment’s approval. They include taking differences in market values across areas and property uses into account, reducing settlement fees for low-income residents, expanding affordable installment plans and offering incentives for early payment, as well as simplifying paperwork and speeding up the review of applications. The measures have not yet been approved; their implementation depends on the legal amendments being passed and the implementing rules being announced.
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