{"id":620443,"date":"2024-05-21T00:00:00","date_gmt":"2024-05-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/21\/e-tax-to-digitize-real-estate-tax-authoritys-operations-plus-news-from-the-house-sameh-shoukry-madinet-masr\/"},"modified":"2024-05-21T00:00:00","modified_gmt":"2024-05-21T00:00:00","slug":"e-tax-to-digitize-real-estate-tax-authoritys-operations-plus-news-from-the-house-sameh-shoukry-madinet-masr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/21\/e-tax-to-digitize-real-estate-tax-authoritys-operations-plus-news-from-the-house-sameh-shoukry-madinet-masr\/","title":{"rendered":"E-Tax to digitize Real Estate Tax Authority\u2019s operations. PLUS: News from the House, Sameh Shoukry, Madinet Masr"},"content":{"rendered":"

TAX- <\/p>\n

Real Estate Tax Authority partners with e-Tax to digitize operations: <\/strong>E-finance\u2019s electronic tax platform e-Tax<\/a> has inked a contract with the Real Estate Tax Authority to help digitize its operations, e-Finance said in a statement (pdf)<\/a>. E-Tax will work on creating \u201can information portal for the authority, e\u2010payment services, unified declarations, official registries, tax appeals, as well as other automated services.\u201d The company will also provide cybersecurity for the authority, technical hosting for its applications, and other services.<\/p>\n

Just the beginning? <\/strong>\u201cThis agreement signifies the launch of a new and pivotal phase for the group, and its associated companies in moving forward with its ambitious project that aims to digitize the entire suite of services and transactions provided by the Ministry of Finance and its associated agencies,\u201d e-Finance Chairman Ibrahim Sarhan said. <\/p>\n

\n

LEGISLATION WATCH-<\/p>\n

MPs had a busy Monday: <\/strong>The House gave final approval to the Unified Ins. Law, which will draw up new and comprehensive rules for regulating the ins. industry and widen compulsory ins. coverage. They also approved a new bill allowing private investors to manage and operate public hospital and healthcare facilities<\/a> and a government-drafted bill that unlocks an additional EGP 320 bn<\/a> for this fiscal year\u2019s budget. <\/p>\n

The House also gave approval to an EGP 1.2 mn grant <\/strong>from the UN Population Fund to help the National Council for Human Rights implement its health and reproductive rights strategy in Egypt.<\/p>\n

\n

REGULATION WATCH-<\/p>\n

Customs exemptions for key goods extended: <\/strong>The Madbouly government has extended customs breaks for twelve key goods for a further three months as part of its ongoing battle to lower the price of goods and reel in inflation, according to a decision published in the Official Gazette. The goods \u2014 including certain types of poultry, offal, dairy, butter, cheese, tea, cooking fats and oils, sugar, pasta, ingredients for animal feed, and meds \u2014 were first given<\/a> a sixth-month exemption in October.<\/p>\n

\n

DIPLOMACY-<\/p>\n

Strategic relations top the agenda during FM\u2019s Athens visit: <\/strong>Foreign Minister Sameh Shoukry discussed Egyptian-Greek relations with his Greek counterpart during his time in Athens, according to a statement<\/a> from the ministry. Discussions centered around advancing economic, trade, and investment ties as well as exploring cooperation in the tourism and maritime transport sectors. The two sides also discussed recent developments in Gaza, security threats in the Red Sea, and regional security. <\/p>\n

Energy a priority topic: <\/strong>The two ministers affirmed the importance of cooperation in the energy sector with particular focus on expediting a project to link the power grids of the two countries<\/a> \u2014 dubbed GREGY \u2014 that will enable exports of Egyptian renewable energy into Europe.<\/p>\n

Making future plans:<\/strong> Shoukry invited the Greek side to participate in the Egypt-EU Joint Investment Conference scheduled for 29-30 June<\/a>.<\/p>\n

\n

STARTUPS-<\/p>\n

Two Egyptian startups selected for the Mega Green Accelerator program: <\/strong><\/p>\n

Local crop analytics startup Viridia Tech and biotech startup P-VITA were among eight MENA-based startups selected to join the Mega Green Accelerator<\/a> program, according to a statement<\/a>. The eight startups \u2014 selected from a pool of 363 applicants \u2014 will receive funding and mentorship from industry experts to help scale up their business, with one of the companies set to be awarded USD 30k.<\/p>\n

\n

REAL ESTATE-<\/p>\n

Madinet Masr launches Tajed: <\/strong>Real estate developer Madinet Masr has launched Tajed, its first integrated commercial district project, at its Taj City project in New Cairo, it said in a press release (<\/a>pdf<\/a>)<\/a>. Tajed will be divided into nine zones and will play host to commercial, business, and residential sites, the company said. The statement did not provide a timeline for the delivery of Tajed.<\/p>\n

A whole lot of diverse investments in the pipeline: <\/strong>Madinet Masr wants to invest between EGP 60-70 bn into non-residential projects over the next ten years as the company looks to diversify its portfolio, CEO Abdallah Sallam told Al Borsa<\/a>. The real estate developer has already established a management company to take on its residential and non-residential projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

E-Tax will work on creating \u201can information portal for the authority<\/p>\n","protected":false},"author":1,"featured_media":620444,"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":[7209],"tags":[111,339,72,274,145,7203,83,338,123,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-620443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-e-finance","tag-enterpriseam","tag-house-of-representatives","tag-logistics","tag-madinet-masr","tag-real-estate","tag-retail","tag-startups","tag-tax","wpautop","entry"],"acf":{"mongo_id":"768e6d19-4d7a-491b-a0c0-13594bd6d35a","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1623.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s e-Tax to digitize Real Estate Tax Authority\u2019s operations","related_issue":[620424],"teaser":"E-Tax will work on creating \u201can information portal for the authority","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.8b92c732-ac6b-46c1-b8de-99980538ae5d.mp3"},"yoast_head":"\nE-Tax to digitize Real Estate Tax Authority\u2019s operations. 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Five unnamed companies are competing in the tender. Meanwhile, Finance Minister Mohamed Maait issued yesterday a decision requiring shops to begin using a tool linking its business records with the Tax\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595320,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/egypt-is-setting-up-a-digital-log-of-real-estate-asset-sales-to-collect-its-2-5-levy\/","url_meta":{"origin":620443,"position":1},"title":"Egypt is setting up a digital log of real estate asset sales to collect its 2.5% levy","author":"enterpriseam admin","date":"23 September 2019","format":false,"excerpt":"EXCLUSIVE- Gov\u2019t to digitize its log of real estate asset sales to collect 2.5% levy: The Tax Authority is setting up an electronic system to record real estate sales that would be subject to the 2.5% real estate tax, two government sources told Enterprise. The levy was set last June\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\/2021\/9\/549.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604821,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/abdel-azim-hussein-tapped-as-new-tax-authority-head\/","url_meta":{"origin":620443,"position":2},"title":"Abdel Azim Hussein tapped as new Tax Authority head","author":"enterpriseam admin","date":"13 December 2018","format":false,"excerpt":"MOVES- Finance Minister Mohamed Maait tapped Abdel Azim Hussein as the new Tax Authority head, succeeding Emad Samy, Al Masry Al Youm reports. Samy\u2019s one-year term leading the authority came to an end earlier this week and he will reach retirement age in February. Abdel Azim\u2019s primary focus during his\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":656276,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/02\/govt-and-world-bank-collaborate-on-building-our-fdi-strategy-until-2030-plus-madinet-masr-asec-automation-mountain-view-saudi-egyptian-developers-sokna-e\/","url_meta":{"origin":620443,"position":3},"title":"Gov\u2019t and World Bank collaborate on building our FDI strategy until 2030. PLUS: Madinet Masr + ASEC Automation, Mountain View, Saudi Egyptian Developers, Sokna, e&","author":"enterpriseam admin","date":"2 December 2024","format":false,"excerpt":"The complete strategy to be announced in \u201cthe coming months\u201d","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/107.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615397,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/18\/arab-international-company-for-hotels-and-tourism-eyes-asset-sales-to-pay-off-debts-plus-egyptian-chinese-cars-by-2025-egypt-commits-to-eni-payments-msc-eye-logistics-investments-real-estate-tax\/","url_meta":{"origin":620443,"position":4},"title":"Arab International Company for Hotels and Tourism eyes asset sales to pay off debts. PLUS: Egyptian-Chinese cars by 2025, Egypt commits to Eni payments, MSC eye logistics investments, Real Estate Tax Authority + E-Tax, Banque Misr SME platform","author":"enterpriseam admin","date":"18 February 2024","format":false,"excerpt":"Unconfirmed media reports in 2023 said that the company had received a USD 320 mn offer from a Qatari group to acquire the Ramses Hilton hotel","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1625.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543976,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/","url_meta":{"origin":620443,"position":5},"title":"FinMin looks to rollout B2B e-invoicing for Cairo by June, fully digitize tax system by December","author":"enterpriseam admin","date":"28 February 2022","format":false,"excerpt":"All B2B invoices issued by businesses based in the Greater Cairo Area will be automated by June, director of taxpayer services at the Tax Authority Mohsen El Gayar told Enterprise.B2C invoices across the country will be fully automated by December, as will B2B invoices from firms in the Delta, Lower\u2026","rel":"","context":"In "Tax"","block_context":{"text":"Tax","link":"https:\/\/enterpriseam.com\/egypt\/category\/tax\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/385.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=620443"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620443\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/620424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/620444"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=620443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=620443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=620443"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=620443"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=620443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}