Real estate taxes record 6.7 billion pounds annually .. And the completion of mechanization of declarations
Mohamed Abdel Fattah, head of the state budget sector at the Ministry of Finance, reviewed the efforts of the ministry in reforming the tax system, pointing out the preparation of a unified tax system and completing the automation of all tax returns.
Abdel Fattah announced the completion of the preparation of electronic collection network, the preparation of a bill to regulate the electronic tax invoice, in addition to the project automation model 4 between the Customs Authority and the Central Bank. "The ministry is working on developing the real estate tax system on buildings and raising the efficiency of the system. The ministry receives about 6.7 billion pounds of real estate tax."
This came during a meeting of the Committee of the Plan and Budget in the House of Representatives, held on Tuesday under the chairmanship of MP Hussein Issa, to discuss the budget of the Ministry of Finance and its affiliates for fiscal year 2019/2020, and budget programs and performance of the ministry for the same year.
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