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Wednesday, 26 September 2018

Real estate tax on mobile network towers isn’t new?

Real estate tax on mobile network towers isn’t new, but that doesn’t mean the state treasury doesn’t want to collect it: The real estate tax on sites used for mobile network towers is not new has already been in place since the issuance of the Real Estate Tax Law, Vodafone Egypt’s External Affairs and Legal Director Ayman Essam tells Al Mal. Essam told the newspaper that the is levied on the owner of the site used for the towers, but Vodafone has been paying the tax on behalf of site owners. A government source told us earlier this week that the treasury is looking to step up its collection of the taxes payable on sites used for mobile network towers and billboards, with the levy set at 10% of their rent value. According to the source, the tax will be payable retroactively until 2013. We noted specifically at the time that this is stepping up tax collection, not a new tax.

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