Daily News Egypt

22 million real estate units in Egypt registered electronically so far: Finance Minister - Daily News Egypt

Advertising Area

Advertising Area

22 million real estate units in Egypt registered electronically so far: Finance Minister

Modernising, automating real estate tax administration system taking place to make it easier for citizens, said Mohamed Maait

Egypt’s Minister of Finance Mohamed Maait has revealed that a total of 22 million real estate units have been registered electronically on the real estate wealth inventory project so far. 

Maait said that the Ministry of Finance started implementing the project by creating an electronic database of all real estate units, and designing official statements and automated notifications.

The real estate wealth inventory project aims to contribute to increasing the digital services available to customers in Egypt.

The minister also revealed that the national project to modernise and automate the real estate tax administration system is based on simplifying, integrating, and digitising procedures. This is with the aim of strengthening governance and facilitating citizens’ access to electronic services, in line with the efforts to gradually move to ‘Digital Egypt’ as part of the Egypt Vision 2030.

Maait pointed out that, within a three week period until the deadline for submitting the returns expired at the end of March, a total of 84,000 citizens submitted their property tax declarations through the “Digital Egypt” platform. 

Anwar Fawzi, head of the Real Estate Tax Authority, said that the registration of 3 million paper declarations submitted by citizens in the first three months of this year has been started. 

These registrations have been entered into the electronic database that will be linked to the national number of the housing unit’s owner. The move aims to help achieve integration between electronic databases in various parts of the country.

He said that there is cooperation with the E-Tax, a company affiliated with the Ministry of Finance, in the production and operation of technological applications for real estate taxes. This also covers the implementation of the system’s digital transformation at its various levels. 

The overhaul of the system saw a review of: the units of the organisational structure; job description cards; the distribution of tasks in the governorates; procedures and work cycles; and forms, records and paper forms used. 

This aimed to accelerate the pace of mechanization, and to analyse residential, commercial and administrative declaration data in preparation for digitisation.

Advertising Area

Breaking News

No current breaking news

Receive our daily newsletter