{"id":560658,"date":"2021-03-08T04:09:24","date_gmt":"2021-03-08T04:09:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/last-nights-talk-shows-on-8-march-2021\/"},"modified":"2021-03-08T04:09:24","modified_gmt":"2021-03-08T04:09:24","slug":"last-nights-talk-shows-on-8-march-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/last-nights-talk-shows-on-8-march-2021\/","title":{"rendered":"Last Night\u2019s Talk Shows on 8 March 2021"},"content":{"rendered":"

<\/a> The talking heads had real estate taxes at the top of their agendas last<\/strong> night<\/strong>, after the Egyptian Tax Authority issued a reminder yesterday<\/a> that personal tax filings are due before 31 March.<\/p>\n

Taxes themselves aren\u2019t due yet:<\/strong> For now, property owners need to head to their local ma\u2019moreya with a tax filing before the deadline, or else face a late fee, Real Estate Tax Authority spokesperson Nagi Sergani told Al Hayah Al Youm\u2019s Mohamed Sherdy. You don\u2019t have to go to a ma\u2019moreya in the same governorate or neighborhood where your property is located, Sergani noted. Filings must include the property owner\u2019s personal information, as well as the property\u2019s total area or size, its location, and its proximity to services, all of which factor into the asset\u2019s appraisal, according to Sergani. The authority will then inform property owners of how much they owe in early 2022 (watch, runtime: 4:44<\/a>).<\/p>\n

So how much is everyone going to pay when it\u2019s time?<\/strong> Homeowners whose property is valued at less than EGP 2 mn are exempt from paying the real estate tax, Sergani told Kelma Akhira\u2019s Lamees El Hadidi. Homeowners whose property is valued anywhere between EGP 2-2.5 mn will owe EGP 120 in taxes each year, while homes valued at EGP 2.5-3 mn will be taxed at an annual rate of EGP 700. Homes valued at EGP 3 mn or more will be taxed EGP 1,380 annually (watch, runtime: 3:56<\/a>). Factories aren\u2019t eligible for tax exemptions, but they will be able to pay in instalments to make things easier, Sergani told Lamees.<\/p>\n

The Tax Authority needs to run advertisements on television channels \u2014 rather than newspapers<\/strong> \u2014 to remind taxpayers that payments are due well ahead of the deadline, argued El Hekaya\u2019s Amr Adib. The ads should explain how and where to pay the taxes, as well as provide a breakdown of exactly how much is owed (watch, runtime: 1:24<\/a>).<\/p>\n

Elsewhere: A proposed new amendment to the Water Resources Act would impose a EGP 250k fine for disposing of garbage<\/strong> or any kind of polluting waste in the Nile, water canals, lakes, or other waterways in the country, undersecretary of the House Suggestions and Complaints Committee Hisham Hussein told Ala Mas\u2019ouleety\u2019s Ahmed Moussa (watch, runtime: 12:41<\/a>). The Act is currently under discussion<\/a> at the House of Representatives, and is expected to unite disparate laws on water into a single bill, and will introduce stricter penalties for water waste, while addressing pollution, dwindling resources, and climate change issues.<\/p>\n

Also on the airwaves last night:<\/strong><\/p>\n