Real Estate Tax Authority has finalized the issuance of  2 million private housing tax exemption forms, this number is the total of exemption requests submitted by taxpayers since the authority has...

  Real Estate Tax Authority has finalized the issuance of  2 million private housing tax exemption forms, this number is the total of exemption requests submitted by taxpayers since the authority has started to serve notices of tax assessment  and so far. Notices of tax assessment have been served to 6.3 million residential units and to 1.8 million non-residential units, i.e. units used for commercial, service and industrial activities; of which 1000 factories. Minister of Finance, Hany Kadry Dimian, confirmed that the ratio of 25% of the collected revenues of real estate tax shall be directed to governorates, as an additional resource helping them in the implementation of its projects, and to Informal Settlements Development Facility (ISDF), with ratio of 25%, in order to eliminate slums’ obstacles which need more resources to be re-planned and  developed, as well as 50% of revenues shall be directed to Public Treasury to be spent on development of Education, Health, Insurance and establishing development projects in the governorates.       Head of Real Estate Tax Authority, Dr. Samia Hussein, clarified that the authority has currently completed assessment standards for special nature real estate units in sectors affiliated to Ministries of  Petroleum, Transportation, Tourism, Civil Aviation in collaboration with the ministries concerned, to serve notices of assessment on its real estate units. As well as, the authority has completed serving notices of assessment to residential and non-residential units in other sectors across the country. She mentioned that the notice shall not be a final assessment of tax; however it is a preliminary assessment till the owner submits either the documents approving that it is family housing or a de-taxation request as the unit shall be changed from an administrative unit to a family housing.            She indicated that there will be other cases of de-taxation; partially or completely destruction of real estate unit, or real estates which have been demolished or put in fire, or issuing a decision of removal or expropriation of real estates. She added that the Ministry of Finance’s plan to establish new headquarters in governorates of  Beni Suef, Suez and Sohag as well as other headquarters in different governorates; benefiting from the lands allocated from New Urban Communities Authority to establish new headquarters of directorates and tax offices are being activated. In addition to developing the currently existing headquarters, a comprehensive plan has been prepared to support automate, re-equip and upgrade tax offices; such plan shall be implemented in phases according to the most needy directorates within the Minister of Finance’s plan which targets improvement of work environment whether through headquarters development or upgrading staff  skills to raise services’ quality offered to citizens.