Egypt records 490,000 real estate tax filings covering over 830,000 properties
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Egypt's new digital facilities for real estate taxpayers drew more than 612,000 electronic accounts and 490,000 tax declarations in their first two months, Finance Minister Ahmed Kouchouk said.
Egypt's newly introduced facilities for real estate taxpayers have gained significant traction, with taxpayers creating more than 612,000 electronic accounts and filing 490,000 tax declarations through a dedicated mobile application during its first two months, Finance Minister Ahmed Kouchouk said.
The submitted declarations covered more than 830,000 property units, including 636,000 residential units and 188,000 non-residential properties, in addition to more than 6,000 other establishments.
Kouchouk said the strong uptake reflects growing public confidence in the government's efforts to simplify tax procedures and encourage voluntary compliance through digital services. He noted that users have also paid EGP 28 million on account of real estate taxes to benefit from the newly introduced facilities.
The Ministry of Finance has recently stepped up efforts to modernise Egypt's tax administration and expand the use of digital platforms, with the new facilities designed to simplify filing and payment procedures and encourage property owners to regularise their tax positions through streamlined digital channels. Kouchouk said the ministry will continue to simplify procedures and further develop the mobile application while addressing any challenges facing users.