Using geographical maps ….. MOF expects 12.4% increase in RT yield in 2024/2025
Ministry of Finance (MOF) expects the yield of real-estate tax to increase around L.E. 8 billion during the new fiscal year 2024/2025 at growth rate of 12.4% more than the expected results of the current fiscal year 2024/2025.
This yield results due to working on developing the real-estate tax system through updating the geographical maps of the housing zones. These maps will be used in surveying the buildings for the real-estate wealth database and widely applying the system of the electronic collection of the real-estate tax.
It is worth mentioning that the state public treasury affords L.E. 3.75 billion the value of the real-estate tax, due for the industry sector for 3 years.
Al-ahram Gate