{"id":623476,"date":"2018-10-31T04:18:36","date_gmt":"2018-10-31T04:18:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/foreign-embassies-to-be-subject-to-reciprocal-tax-treatment-on-real-estate-tax\/"},"modified":"2018-10-31T04:18:36","modified_gmt":"2018-10-31T04:18:36","slug":"foreign-embassies-to-be-subject-to-reciprocal-tax-treatment-on-real-estate-tax","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/foreign-embassies-to-be-subject-to-reciprocal-tax-treatment-on-real-estate-tax\/","title":{"rendered":"Foreign embassies to be subject to reciprocal tax treatment on real estate tax"},"content":{"rendered":"<p><strong>LEGISLATION WATCH- Foreign embassies to be subject to reciprocal tax treatment on real estate tax:<\/strong> When it comes to paying real estate taxes, foreign embassies in Egypt will get reciprocal treatment, meaning they\u2019ll pay (or not pay) the same taxes as Egyptian embassies do in each of those countries, Real Estate Tax Authority head Samia Hussein said yesterday, <a href=\"https:\/\/almalnews.com\/Story\/396561\/14\/%D8%B3%D8%A7%D9%85%D9%8A%D8%A9-%D8%AD%D8%B3%D9%8A%D9%86-%D8%AA%D9%83%D8%B4%D9%81-%D9%85%D9%88%D9%82%D9%81-%D8%A7%D9%84%D8%B3%D9%81%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A3%D8%AC%D9%86%D8%A8%D9%8A%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%B6%D8%B1%D9%8A%D8%A8%D8%A9-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9\">Al Mal reports<\/a>. The House of Representatives\u2019 economics and housing committee are expected to meet this month to discuss the government's proposed <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/17\/parliament-committees-to-discuss-real-estate-tax-act-amendments-this-month\/\">amendments to the Real Estate Tax Act<\/a>, which are expected to cover everything from new real estate tax formula to how rented properties would be taxed, how properties would be appraised, and avenues for appeals. Reps. said they expect to complete their review by the end of 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- Foreign embassies to be subject to reciprocal tax treatment on real estate tax: When it comes to paying real estate taxes, foreign embassies in Egypt will get reciprocal treatment, meaning they\u2019ll pay (or not pay) the same taxes as Egyptian embassies do in each of those countries, Real Estate Tax Authority head Samia [&hellip;]<\/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":[8572],"tags":[9471,72,180,389,2380,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623476","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-embassies","tag-enterpriseam","tag-legislation","tag-real-estate-tax","tag-speed-round","tag-tax","wpautop","entry"],"acf":{"mongo_id":"78c1245e-4148-45d0-9cd9-d3ff1d7b8e52","order":"0","is_powered_by":true,"section_story_id":"556ce351-fd0f-4580-8119-c1b0a25e8bd2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623456],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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On the subject of the real estate tax: Forthcoming amendments to the real estate tax will only apply to residential properties, sources familiar with the matter tell Al Mal. The tax treatment of industrial and\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":624381,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/oil-finance-ministries-agree-on-tax-treatment-of-oil-gas-and-mining-properties\/","url_meta":{"origin":623476,"position":1},"title":"Oil, finance ministries agree on tax treatment of oil, gas, and mining properties","author":"enterpriseam admin","date":"6 September 2018","format":false,"excerpt":"Oil and gas companies to pay real estate tax taxes based on field development costs: The ministries of oil and finance reached an agreement on Tuesday on the guidelines for the tax treatment of properties in oil, gas, and mining, according to a cabinet statement. For the oil and gas\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":600742,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/egypt-to-repeal-real-estate-tax-exemptions-for-private-homes-provide-preferential-treatment-for-hotels-factories-oil-and-gas\/","url_meta":{"origin":623476,"position":2},"title":"Egypt to repeal real estate tax exemptions for private homes, provide preferential treatment for hotels, factories, oil and gas","author":"enterpriseam admin","date":"10 February 2019","format":false,"excerpt":"EXCLUSIVE- The Great Real Estate Tax Debate of 2018 is about to roll forward into 2019. Readers may recall the loud, sweeping debate late last summer over how to fairly tax both commercial and personal real estate. At one point, the story was a fixture of the night time talk\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":605231,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/finmin-looking-to-replace-real-estate-tax-act-with-new-legislation-streamlining-appraisal-process\/","url_meta":{"origin":623476,"position":3},"title":"FinMin looking to replace Real Estate Tax Act with new legislation streamlining appraisal process","author":"enterpriseam admin","date":"26 December 2018","format":false,"excerpt":"EXCLUSIVE- Proposed amendments to real estate tax could be a \u2018temporary measure\u2019 ahead of full re-write of bill: A bill now before the House of Representatives packed with piecemeal amendments to the nation\u2019s real estate tax could ultimately be just a stop-gap measure as the Finance Ministry mulls drafting a\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":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":623476,"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. Industrial companies will receive relief in the form of lower energy\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/211.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595369,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/egypt-finishes-initial-draft-of-new-income-tax-law\/","url_meta":{"origin":623476,"position":5},"title":"Egypt finishes initial draft of new income tax law","author":"enterpriseam admin","date":"24 September 2019","format":false,"excerpt":"LEGISLATION WATCH- Initial draft of new income tax law ready: The Finance Ministry has completed incorporating suggestions from the business community and finalized an initial draft of a new income tax law, Minister Mohamed Maait said yesterday during the Future of Investment in Egypt conference, according to a ministry statement.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/615.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\/623476","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=623476"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623476\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/623456"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=623476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=623476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=623476"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=623476"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=623476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}