{"id":637293,"date":"2017-11-13T04:11:57","date_gmt":"2017-11-13T04:11:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/13\/industry-rejoices-as-parliament-looks-to-reprice-gas-cut-real-estate-taxes-to-factories\/"},"modified":"2017-11-13T04:11:57","modified_gmt":"2017-11-13T04:11:57","slug":"industry-rejoices-as-parliament-looks-to-reprice-gas-cut-real-estate-taxes-to-factories","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/13\/industry-rejoices-as-parliament-looks-to-reprice-gas-cut-real-estate-taxes-to-factories\/","title":{"rendered":"Industry rejoices as Parliament looks to reprice gas, cut real estate taxes to factories"},"content":{"rendered":"

<\/a> Industry rejoices as Parliament looks to reprice gas, cut real estate taxes for <\/strong>factories:<\/strong> The House of Representatives\u2019 Industry Committee is reportedly looking into reviewing gas prices for industries and canceling real estate taxes imposed on factories, following requests and complaints from industry figures, Al Shorouk reports<\/a>. Egypt\u2019s manufacturing sector has been pushing for years to lower prices the government sells them. After receiving promises from the government to so, no such pledge had been fulfilled, with EGAS officials saying in August<\/a> that the Ismail cabinet will unlikely follow through on the promise. As for cutting real estate taxes, the Federation of Egyptian Industries (FEI) had previously discussed the proposal with the Finance Ministry, and had received Trade and Industry Minister Tarek Kabil\u2019s blessing, according to FEI head MP Mohamed Elsewedy. Other business figures lauded the proposed moves, saying they would be a \u201clifeline\u201d for factories that are only operating at half of their production capacity due to the burden of production costs and fees.<\/p>\n","protected":false},"excerpt":{"rendered":"

Industry rejoices as Parliament looks to reprice gas, cut real estate taxes for factories: The House of Representatives\u2019 Industry Committee is reportedly looking into reviewing gas prices for industries and canceling real estate taxes imposed on factories, following requests and complaints from industry figures, Al Shorouk reports. Egypt\u2019s manufacturing sector has been pushing for years […]<\/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-637293","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7b9373ad-1683-45b7-80c2-7d87749954f5","order":"0","is_powered_by":true,"section_story_id":"0af2e246-e32d-41ff-8c97-21bdd99fc75a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637279],"teaser":"","voice_url":""},"yoast_head":"\nIndustry rejoices as Parliament looks to reprice gas, cut real estate taxes to factories - 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\/2017\/11\/13\/industry-rejoices-as-parliament-looks-to-reprice-gas-cut-real-estate-taxes-to-factories\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industry rejoices as Parliament looks to reprice gas, cut real estate taxes to factories\" \/>\n<meta property=\"og:description\" content=\"Industry rejoices as Parliament looks to reprice gas, cut real estate taxes for factories: The House of Representatives\u2019 Industry Committee is reportedly looking into reviewing gas prices for industries and canceling real estate taxes imposed on factories, following requests and complaints from industry figures, Al Shorouk reports. 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Readers may recall the loud, sweeping debate late last summer over how to fairly tax both commercial and personal real estate. 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Industrial companies will receive relief in the form of lower energy\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\/2020\/3\/211.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624963,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/24\/amendments-to-real-estate-tax-to-exclude-hotels-and-factories\/","url_meta":{"origin":637293,"position":3},"title":"Amendments to real estate tax to exclude hotels and factories?","author":"enterpriseam admin","date":"24 September 2018","format":false,"excerpt":"LEGISLATION WATCH- Hotels and factories to be exempt from changes to real estate tax system? 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. 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