Egypt to bear EGP 1.4B property tax annually for 21 industries until 2026

Updated 1/22/2024 12:05:00 PM
Egypt to bear EGP 1.4B property tax annually for 21 industries until 2026

Arab Finance: The Egyptian public treasury will afford EGP 1.4 billion in real estate tax annually for 21 economic activities until the end of 2026, as per a statement by the Ministry of Finance.

The government is committed to supporting investors and producers, Finance Minister Mohamed Maait said.

He added that the state’s public treasury will bear the real estate tax on the industrial as well as poultry and livestock farming sectors, and thus reduce the burdens on citizens as much as possible.

Moreover, Maait emphasized that the government’s efforts to push economic activity amid the current local and global challenges.

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