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Thursday, 19 July 2018

Business associations press gov’t on lowering taxes, fees on manufacturing

Business associations press gov’t on lowering taxes, fees on manufacturing: A number of business associations have publically come out to urge the government to reduce fees and taxes for industry yesterday. The Union of Investors Associations (the commies that bleed green) is urging the Finance Ministry to end real estate taxes on industry land, Al Mal reports. If it refuses, the association will push for a plan whereby they pay taxes for land not in use by a factory, said the association’s head Mohamed Farid Khamis. Meanwhile, the Federation of Egyptian Industries (FEI) is pushing the Industrial Development Authority to lower fees it charges industrialists for its services, said FEI investment committee member Hassan Mabrouk.

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