Kouchouk revealed that the ministry aims to implement 10 new
measures within the real estate tax system to simplify procedures and reduce
the tax burden on citizens and investors. These include raising the exemption
threshold for private housing to EGP 4 million.
He added that the measures also allow for tax relief in
applicable cases, as part of a government vision based on openness,
simplification, and the promotion of competition and exports.
The minister emphasized that the economic vision focuses on
creating new opportunities for competition and exports for all companies
operating in Egypt. It also aims to support competitive sectors and activities
with proper backing, enabling the private sector to lead economic growth,
generate jobs, and create real additional income.