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Thursday, 2 August 2018

Another mixed bag of nuts on the airwaves

The Finance Ministry appears to be bombarding the airwaves with explainers and primers on tax procedures and some of its policies.

Among these, is a recently passed amendment to the Income Tax Act exempting taxpayers from interest on late fees, which Finance Ministry Advisor Osama Tawako says lis meant to ease the burden on taxpayers who have racked up years of overdue taxes. The amendment, he told Masaa DMC’s Osama Kamal, comes as part of the government’s measures to get its hands on overdue taxes, said Tawakol (watch, runtime: 9:47).

Kamal also discussed Egypt’s real estate taxes with Real Estate Tax Authority head Samia Hussein, who gave a breakdown of the formula the ministry uses to determine the real estate tax and how it calculates the value of a property (watch, runtime: 5:38). As we noted yesterday, the ministry is looking to increase tax revenues from properties and real estate. It is about to embark on a survey to appraise real estate assets nationwide and has even developed a formula for taxing oil and gas assets.

The Finance Ministry’s drive to digitize the state’s payment will help tighten its grip on public spending, the ministry’s advisor for technological affairs, Khaled Nasef, told Al Hayah fi Masr’s Kamal Mady. Nasef also discussed the security measures in place to guard accounts against cyber attacks (watch, runtime: 16:30).

New subsidy card applicants inundate Supply Ministry offices: The Supply Ministry’s offices received a large number of applications from citizens looking to register their children and newborns on their families’ subsidy ration cards yesterday, ministry advisor Amr Madkour told Hona Al Asema (watch, runtime: 5:42).

The Egyptian Football Association’s selection of Mexico’s Javier Aguirre as the new national football team coach was a matter of particular interest to Yahduth fi Masr’s Sherif Amer, who looked into the clauses of Aguirre’s contract. The EFA is expected to hold a presser today to announce further details, according to Amer (watch, runtime: 3:36). We have more on Aguirre’s selection in On Your Way Out.

Citizens in Damietta have reportedly been struggling with the long wait-times to recharge their pre-paid electricity cards at Electricity Ministry offices, prompting ministry spokesman Ayman Hamza to tell Masaa DMC that the ministry is planning to set up new offices to address the issue (watch, runtime: 17:38).

Elsewhere on the airwaves, allegations that Egyptian universities have been issuing forged certificates to Kuwaiti nationals earned some airtime on Hona al Asema (watch, runtime: 7:26) and Masaa DMC (watch, runtime: 4:24).

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