Business associations press gov’t on lowering taxes, fees on manufacturing: A number of business associations have publically come out to urge the government to reduce fees and taxes for industry yesterday. The Union of Investors Associations (the commies that bleed green) is urging the Finance Ministry to end real estate taxes on industry land, Al Mal reports. If it refuses, the association will push for a plan whereby they pay taxes for land not in use by a factory, said the association’s head Mohamed Farid Khamis. Meanwhile, the Federation of Egyptian Industries (FEI) is pushing the Industrial Development Authority to lower fees it charges industrialists for its services, said FEI investment committee member Hassan Mabrouk.
More from Enterprise
Inflation unexpectedly cools, putting rate-cut cycle back in play
The first fall in the headline rate in three months…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Apis Partners has continued appetite for Egypt after closing its third fund at more than double its predecessor
Apis partner Hossam Abou Moussa singles out MNT-Halan as a…