Al-Menia: Solving problems of investment regions with RTA

Al-Menia: Solving problems of investment regions with RTA
  • 2023-05-25

Mr. Anwar Fawzy, under minister and Head of RTA, announced that, upon directions of Dr. Mohamed Maeet, Minister of Finance, solutions for all (solutions of) investment regions with RTA have been found. RTA provided solutions out of the box and work team was appointed to head for the investment regions and the investors to discuss the obstacles and solve the problems.   

The work team provided an authenticated model of developed thinking in applying the law and maintaining the State's right to support the investment and investors and relieve burdens on their shoulders under the current global circumstances.

The team headed for all investment regions, including but not limited to, the fifth settlement investors society "Region of the 1000 factories" to explain the real-estate law and open discussion to clarify matters and remove all obstacles.

The initiative has begun since December, 1, 2022 till now.

Over four (4) sessions, it was agreed that the tax is be paid at the society headquarters.

Therefore, Mr. Anwar Fawzy, authorized specialists at RTA to make available employees of RTA to clarify and receive the appeals inside the society place till the end of the payment process. This is accomplished in a state of complete harmony according to the ministerial decree 61 for the year of 2022. The decree provides that the State public treasury bears the real-estate tax value due on buildings allocated to practice some industrial activities for three (3) years as of Jan., 1, 2002.