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Taxes Word on Wood Block on Top of Coins Stack. Business and Finance Concept - Coin, Currency, Financial Item, Graph, Image used for illustrative purpose
Nasr claimed that Maait would cancel administrative distraint of industrial facilities which fail to pay property tax, according to the news portal.
The decision still requires a formal sign-off from the Cabinet to come into effect, Nasr added.
The Egyptian parliament approved, last April, amendments to the real estate tax law, including a relief to businesses of some tax burdens imposed on their affiliated lands.
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