Financial expert Dr. Hassan Ramadan: Proper tax planning and risk management ensure the sustainability of real estate developers' activities
The Evaluation and Investment Committee of the Real Estate Developers Association organized a specialized symposium entitled: “Taxes and everything related to the tax file” with the participation of an elite group of experts and specialists in tax and financial affairs. The session was moderated by Dr. Hassan Ramadan – Financial Director of Mazaya Real Estate Development Company, who stressed during the symposium activities that sound financial and tax planning has become an urgent necessity to ensure the stability of real estate companies and maintain the sustainability of their activities Explaining that managing cash flows efficiently helps developers achieve a balance between their obligations to the state on the one hand, and ensuring the fulfillment of the rights of customers and investors on the other hand.
He pointed out that real estate companies need a clear vision to deal with tax risks, explaining that preparing in advance and developing effective internal plans and policies reduces the burdens that developers may face, especially with the continuous developments in laws and legislation.
He also stressed the importance of integrating modern technology into tax administration and review systems, as a means of simplifying procedures, enhancing transparency, and avoiding human errors, which contributes to increasing state and customer confidence in the real estate sector.
He added that developing a culture of tax awareness within companies would raise the efficiency of financial departments and make them able to adapt to changes without affecting the course of projects or their obligations.
The symposium concluded with a set of recommendations that stressed the need for integration between the state and real estate developers in establishing clear implementation mechanisms for the tax file, in a way that ensures the sustainability of the sector and its role as a major driver of economic growth in Egypt.
