{"id":547853,"date":"2022-07-17T03:57:23","date_gmt":"2022-07-17T03:57:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/cabinet-approves-three-year-real-estate-tax-holiday-for-some-industries\/"},"modified":"2022-07-17T03:57:23","modified_gmt":"2022-07-17T03:57:23","slug":"cabinet-approves-three-year-real-estate-tax-holiday-for-some-industries","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/cabinet-approves-three-year-real-estate-tax-holiday-for-some-industries\/","title":{"rendered":"Cabinet approves three-year real estate tax holiday for some industries"},"content":{"rendered":"

<\/a> No real estate tax for SMEs + strategic industries:<\/strong> The state will waive real estate tax for three years for small and micro businesses as well as strategic industries involved in national projects, according to a cabinet statement<\/a>. Cabinet members approved the move in their final weekly meeting before the Eid break, saying the decision would support businesses struggling amid the current global economic conditions.<\/p>\n

The tax holiday was first announced as part of the <\/strong>EGP 130 bn economic support package<\/a><\/strong> unveiled by the Madbouly government in the spring and is expected to cost the government some EGP 3.75 bn.<\/p>\n

Also getting a nod:<\/strong> Cabinet also approved building six new technology universities in Giza, Alexandria, Port Said, Luxor, Assiut and Gharbiya governorates. The new facilities are set to open their doors in the next academic year.<\/p>\n

Hello there, Air Sphinx<\/strong>: New budget airline Air Sphinx will begin operations this winter from airports in Hurghada, Sharm El Sheikh, Luxor, Sphinx interantioanl in Giza<\/a>, and Cairo, the statement said. The carrier is a subsidiary of EgyptAir.<\/p>\n","protected":false},"excerpt":{"rendered":"

No real estate tax for SMEs + strategic industries: The state will waive real estate tax for three years for small and micro businesses as well as strategic industries involved in national projects, according to a cabinet statement. Cabinet members approved the move in their final weekly meeting before the Eid break, saying the decision […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7306],"tags":[282,72,389,287,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547853","post","type-post","status-publish","format-standard","hentry","category-cabinet-watch","tag-cabinet-watch","tag-enterpriseam","tag-real-estate-tax","tag-smes","tag-tax","wpautop","entry"],"acf":{"mongo_id":"b659bf47-13ed-4fb8-90c4-848497e49ad9","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547838],"teaser":"","voice_url":""},"yoast_head":"\nCabinet approves three-year real estate tax holiday for some industries - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/cabinet-approves-three-year-real-estate-tax-holiday-for-some-industries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves three-year real estate tax holiday for some industries\" \/>\n<meta property=\"og:description\" content=\"No real estate tax for SMEs + strategic industries: The state will waive real estate tax for three years for small and micro businesses as well as strategic industries involved in national projects, according to a cabinet statement. 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The proposal was approved\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/180.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570091,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/18\/govt-cuts-egx-taxes-energy-prices-to-support-businesses-through-covid-19-outbreak\/","url_meta":{"origin":547853,"position":4},"title":"Gov\u2019t cuts EGX taxes, energy prices to support businesses through covid-19 outbreak","author":"enterpriseam admin","date":"18 March 2020","format":false,"excerpt":"Gov\u2019t cuts EGX taxes, energy prices to support businesses through covid-19 outbreak: The government has announced a package of fiscal measures to help support the economy and financial markets as it braces against the impact of the covid-19 outbreak. 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