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Monday, 13 August 2018

Columnists are still grumbling about the real estate tax

Columnists are still grumbling about the real estate tax: The Finance Ministry’s target of collecting EGP 5 bn from the real estate tax does not warrant the amount of trouble the government is putting people through to pay the levy, Mahmoud Khalil writes for El Watan. By Khalil’s calculations, reaching the EGP 5 bn mark would only require that each real estate owner pay EGP 100, which is far less than what most are actually paying. He also lashes out at the government for imposing several new taxes while citizens are struggling to get by, and calls for a clampdown on evaders of already-existing taxes instead.

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