There has been some confusion about the laws concerning real estate taxation in Egypt for quite a time. What is it? Who does it apply to? What’s the taxable amount and are there any exemptions? All these questions and more are running through the taxpayer’s head, particularly with new amendments to Egypt’s real estate taxation laws. What’s new? Real estate tax is imposed on properties established on Egyptian land. It applies to uninhabited and inhabited units, whether they are rented or occupied by the owner. The tax is paid by the owner, and it covers all types of property from villas to buildings, apartments and chalets, regardless of their locations. The tenant is not considered a taxpayer, but a joint partner with the taxpayer to pay the tax within the approved lease. The real estate tax is to be paid annually from 1 January. There are two payment options: payment of the tax in two equal installment, with the first payment lasting until the end of June and the second until the end of December; or payment of the whole sum at the prescribed due date. What is the tax…
