Egypt’s Real Estate Tax Authority posts 1.5 billion pounds-revenues in Q3-FY17

Egypt’s Real Estate tax authority (RTA) reached total revenues of 1.5 billion Egyptian pounds ($83.1 million) during the third quarter of financial year 2016/2017, said chairman Samia Hussein on Wednesday.

Earlier, revenues stood at 700 million pounds at the end of financial year 2015/2016.

RTA is planning to achieve revenues worth 2.2 billion pounds at the end of next June, Hussein stated.

Hussein made earlier her remarks at the annual conference of E-Finance Company, the first and largest electronic payment and collection gateway in Egypt.

“We have signed an agreement Tuesday with E-Finance in order to attain our property taxes electronically,” she concluded.