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FY 2016/2017 property tax is estimated at EGP 2.4bn and expected to collect EGP 1.1bn
Fifth Settlement district paid highest value of taxes, spokesperson says
Spending on public investment amounted to EGP 3.3bn, with an increase rate of 61.4%, says ministry report
Notifications were sent to 6.3m residential units
Government steps up actions to implement tax reforms amid efforts to increase resources and reduce budget deficit
Finance and tourism ministers to meet this month to resolve dispute between Real Estate Taxation Authority (RTA) and Chamber of Hotels over property tax law
The amendments include establishing a committee in every governorate to survey and evaluate the rental value of properties.