{"id":625793,"date":"2018-08-15T04:11:48","date_gmt":"2018-08-15T04:11:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020\/"},"modified":"2018-08-15T04:11:48","modified_gmt":"2018-08-15T04:11:48","slug":"cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020\/","title":{"rendered":"Cabinet postpones survey of country\u2019s real estate assets to 2020"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>CABINET WATCH- The Finance Ministry will be postponing its survey and appraisal of the country\u2019s real estate assets to December 2020 from 2018 <\/strong>under amendments to the real estate tax code approved by the Madbouly Cabinet <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Cabinet-meeting-no-9.aspx\">at its weekly meeting yesterday<\/a>. The move means to give the Tax Authority more time to conduct its review of the country\u2019s residential, commercial, and industrial properties \u2014 which should legally take place every five years \u2014 in order to determine their value and better calculate its tax base. We had heard earlier this month that the government was getting ready for a <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/01\/finmin-to-impose-a-real-estate-tax-on-oil-and-gas-developments\/\">major overhaul of how real estate taxes<\/a>, which would also involve taxing the oil and gas sector.<\/p>\n<p><strong>E&Y to advise on government\u2019s electronic billing system: <\/strong>The cabinet also gave the Finance Ministry the green light to hire Ernst & Young to consult on a tender it plans to issue for the development of the government\u2019s electronic billing system, which is expected to help improve transparency and accountability as a way of battling corruption and tax evasion. The move is part of the <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/12\/finmin-launches-new-digital-platform-to-monitor-government-transactions\/\">government\u2019s transition<\/a> to a paperless, cashless economy, which saw amendments to the Accounting Act issued last month, making it mandatory for all government transactions to be electronic, and banning the use of paper cheques for transactions above a set threshold. The ministry also received a nod to move forward with its tender.<\/p>\n<p><strong>The cabinet had a few other items on its plate yesterday,<\/strong> including:<\/p>\n<ul>\n<li>Approving a <strong>KWD 50 mn loan agreement with the Kuwait Fund for Economic Development<\/strong> for the establishment of a sewage water treatment facility in Bahr El Baqar, which should help in the reclamation of 330k feddans of agricultural land east of the Suez Canal; <\/li>\n<li>Giving the Education Ministry the green light to <strong>renew its USD 5 mn teacher-training program with <\/strong><a href=\"http:\/\/www.discoveryeducation.com\/\"><strong>Discovery Education<\/strong><\/a> for another three years; <\/li>\n<li>Awarding the <strong>Egyptian Electricity Holding Company the EGP 10.6 mn contract for the installation of 1.5 MW-worth of transformer stations<\/strong> for an Endowments Ministry-affiliated oncology hospital.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- The Finance Ministry will be postponing its survey and appraisal of the country\u2019s real estate assets to December 2020 from 2018 under amendments to the real estate tax code approved by the Madbouly Cabinet at its weekly meeting yesterday. The move means to give the Tax Authority more time to conduct its review [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625793","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f0b3bcb9-6eba-490f-9946-6ef58cceae0b","order":"0","is_powered_by":true,"section_story_id":"00dab88b-7533-4544-86db-bfcb472df184","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625785],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cabinet postpones survey of country\u2019s real estate assets to 2020 - 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\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet postpones survey of country\u2019s real estate assets to 2020\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- The Finance Ministry will be postponing its survey and appraisal of the country\u2019s real estate assets to December 2020 from 2018 under amendments to the real estate tax code approved by the Madbouly Cabinet at its weekly meeting yesterday. The move means to give the Tax Authority more time to conduct its review [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-15T04:11:48+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet postpones survey of country\u2019s real estate assets to 2020\",\"datePublished\":\"2018-08-15T04:11:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020\/\"},\"wordCount\":344,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020\/\",\"name\":\"Cabinet postpones survey of country\u2019s real estate assets to 2020 - 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We attempt to chart these efforts and the reactions.\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":602055,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/prototype-of-digital-system-ready-to-appraise-egypts-real-estate-assets-ready\/","url_meta":{"origin":625793,"position":1},"title":"Prototype of digital system ready to appraise Egypt\u2019s real estate assets ready","author":"enterpriseam admin","date":"18 March 2019","format":false,"excerpt":"EXCLUSIVE- Prototype of real estate appraisal system ready, process to wrap up in a year: Ain Shams University has completed a prototype of the digital system it will use to appraise Egyptian real estate, engineering professor and head of the real estate appraisal program Mohamed Salheen tells Enterprise. A model\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\/2021\/7\/415.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568587,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/28\/investors-call-on-the-government-to-scrap-real-estate-tax-on-factories\/","url_meta":{"origin":625793,"position":2},"title":"Investors call on the government to scrap real estate tax on factories","author":"enterpriseam admin","date":"28 January 2020","format":false,"excerpt":"Investors call for an end to real estate tax on factories: The Investors Union has petitioned the government to abolish the real estate tax on the factories, less than a week after the cabinet decided to introduce new tax exemptions, the local press reports. Samir Aref, head of the Tenth\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\/1\/718.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575904,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/03\/are-egypts-factories-getting-closer-to-a-temporary-real-estate-tax-break\/","url_meta":{"origin":625793,"position":3},"title":"Are Egypt\u2019s factories getting closer to a temporary real estate tax break?","author":"enterpriseam admin","date":"3 November 2020","format":false,"excerpt":"Are factories getting closer to a temporary real estate tax break? That\u2019s what Egyptian Federation of Investors Association Secretary Sobhi Nasr claims, telling Amwal Al Ghad that Finance Minister Mohamed Maait agreed to temporarily exempt factories from paying the property tax. The apparent decision, which still requires a formal sign-off\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":574913,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/27\/is-the-government-exempting-factories-from-property-tax\/","url_meta":{"origin":625793,"position":4},"title":"Is the government exempting factories from property tax?","author":"enterpriseam admin","date":"27 September 2020","format":false,"excerpt":"Are factories getting the real estate tax break they\u2019ve been hoping for? Industry could be getting a leg up from the government if the Madbouly Cabinet agrees to accept a proposal being drafted by the Trade Ministry and exempt factories from the real estate tax. The statement does not provide\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":571522,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/cabinet-approves-bill-waiving-late-fees-on-taxes\/","url_meta":{"origin":625793,"position":5},"title":"Cabinet approves bill waiving late fees on taxes","author":"enterpriseam admin","date":"14 May 2020","format":false,"excerpt":"CABINET WATCH- Cabinet approves bill waiving late fees on income, real estate taxes, others: The Madbouly cabinet greenlit in a meeting on Wednesday a bill that would waive a portion of interest payments and late fees on income tax, VAT, customs tax, real estate tax, social insurance fees, and other\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625793","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=625793"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625793\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625785"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625793"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625793"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}