{"id":628131,"date":"2018-06-26T04:22:13","date_gmt":"2018-06-26T04:22:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate\/"},"modified":"2018-06-26T04:22:13","modified_gmt":"2018-06-26T04:22:13","slug":"govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate\/","title":{"rendered":"Gov\u2019t plans to issue \u201cclear and simplified\u201d guidelines for tax assessment of real estate"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- The Madbouly government is gearing up for a major overhaul of how real estate taxes are calculated<\/strong>, sources with knowledge of the matter told Enterprise yesterday. The government has reportedly decided to leave the tax regime unchanged for now as it as it works on a new formula that would set \u201cclear and simplified\u201d guidelines for the tax assessment of industrial properties, hotels, ports and airports, our sources told us. The aim of the changes, which would apparently require the assent of the House of Representatives, is to boost the state\u2019s haul from real estate taxes on industrial and commercial properties. The government is on track to collect as much as EGP 5.3 bn from real estate taxes in the next fiscal year, up from EGP 3.5 bn this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- The Madbouly government is gearing up for a major overhaul of how real estate taxes are calculated, sources with knowledge of the matter told Enterprise yesterday. The government has reportedly decided to leave the tax regime unchanged for now as it as it works on a new formula that would set \u201cclear and […]<\/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-628131","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6fa9ea4e-4ec6-46eb-9174-8923c6d36332","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[628124],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t plans to issue \u201cclear and simplified\u201d guidelines for tax assessment of real estate - 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\/06\/26\/govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t plans to issue \u201cclear and simplified\u201d guidelines for tax assessment of real estate\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- The Madbouly government is gearing up for a major overhaul of how real estate taxes are calculated, sources with knowledge of the matter told Enterprise yesterday. The government has reportedly decided to leave the tax regime unchanged for now as it as it works on a new formula that would set \u201cclear and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-26T04:22:13+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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t plans to issue \u201cclear and simplified\u201d guidelines for tax assessment of real estate\",\"datePublished\":\"2018-06-26T04:22:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate\/\"},\"wordCount\":146,\"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\/06\/26\/govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate\/\",\"name\":\"Gov\u2019t plans to issue \u201cclear and simplified\u201d guidelines for tax assessment of real estate - 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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":626098,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/30\/hotels-to-pay-real-estate-taxes-based-on-investment-value\/","url_meta":{"origin":628131,"position":1},"title":"Hotels to pay real estate taxes based on investment value","author":"enterpriseam admin","date":"30 August 2018","format":false,"excerpt":"Hotels to pay real estate taxes based on their investment value? The ministries of finance and tourism reached an agreement yesterday on the assessment of real estate taxes for hotels, Tourism Minister Rania Al Mashat told the press yesterday. Under the agreement, taxes for hotels will be calculated based on\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":625302,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/finmin-to-impose-a-real-estate-tax-on-oil-and-gas-developments\/","url_meta":{"origin":628131,"position":2},"title":"FinMin to impose a real estate tax on oil and gas developments","author":"enterpriseam admin","date":"1 August 2018","format":false,"excerpt":"EXCLUSIVE- FinMin to impose a real estate tax on oil and gas developments: The Finance Ministry is planning to impose a real estate tax on oil and gas assets, according to documents seen by Enterprise. The move appears to have been in the works for some time and according to\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":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":628131,"position":3},"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 "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":625641,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/real-estate-taxes-gripping-the-nation-these-past-few-weeks\/","url_meta":{"origin":628131,"position":4},"title":"Real estate taxes gripping the nation these past few weeks","author":"enterpriseam admin","date":"12 August 2018","format":false,"excerpt":"Real estate taxes gripping the nation these past few weeks: The Finance Ministry\u2019s attempts to reform and amend the real estate tax has seen it kick up a hornet\u2019s nest in the local press and the airwaves these past few weeks. 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