Gov’t to send Real Estate Tax Act amendments to House in December

LEGISLATION WATCH- Gov’t to send Real Estate Tax Act back to House in December: The Madbouly Cabinet has pledged to send amendments to the Real Estate Tax Act back to the House of Representatives for review in December, said Rep. Yasser Omar. The House had overhauled government-proposed amendments and drafted a revised version that significantly waters down the original bill, which covered everything from the new real estate tax formula to how rented properties will be taxed and avenues for appeal. President Abdel Fattah El Sisi had asked for the amendments to be “revisited” to be more considerate of low-income citizens.