New Property Tax Law

[Red Sea Way]

Property Value

In L.E Taxes5 to be paid yearly

in Egyptian Pound

600000
156

700000
282





800000
498

900000
534

1000000
660

1500000
1290

2000000
1920

3000000
3180





4000000
4440

5000000
5700

7000000
8220

9000000
10740

11000000
13260

13000000
15780

15000000
18300

Regards
Red Sea Way
mohammedabdullah5@gmail.com

[queenie40something]

Thanks Red - so the 1st figure is the value of the property in LE and the 2nd figure is the tax to be paid in LE on that property. How does the government know how much your property is worth?

[queenie40something]

Hi Red - another question - does this apply to property in Sinai and it states a levy of 10% of the rental value. Does this mean you still pay the property tax and if you rent you then pay an extra 10% of the rental value on top of the property tax as well??

Thanks

Alison

[queenie40something]

Has anyone got more information on this yet??

[Red Sea Way]

Originally Posted by queenie40something

Thanks Red - so the 1st figure is the value of the property in LE and the 2nd figure is the tax to be paid in LE on that property. How does the government know how much your property is worth?

The Egyptian government will create a committee in each governrate in A.R.E and they will put the price at the market in that moment then they will take the taxs after they will compare with the prices above

Regards
Red Sea Way

[Red Sea Way]

Originally Posted by queenie40something

Hi Red - another question - does this apply to property in Sinai and it states a levy of 10% of the rental value. Does this mean you still pay the property tax and if you rent you then pay an extra 10% of the rental value on top of the property tax as well??

Thanks

Alison

Dear Ali

I can Say Simply Yes

Regards
Red Sea Way

[dave99]

Originally Posted by Red Sea Way

Hi John

yes has to pay the property tax even if the property is not registered
because the artical no 2 in the law says that will pay the tax who own or use a built property and has to matuer on January from each year

Redgars
Red Sea way
redseaheaven@gmail.com

How can this work if there in no official record of who owns an apartment if it is not registered. This is the main reason Egyptians do not register since it keeps them from being "known" as property owners.

[Zeiad Yehia]

Dear All,

When it comes to Property Tax "new law" please be informed that it applies only on properties which exceed EGP 400,000.00 in value, and is estimated as 14% of the average rental income per annum.

Where is the legal thread by the way?!!

All the best,

Zeiad Yehia
Solicitor

[dave99]

Originally Posted by Zeiad Yehia

Dear All,

When it comes to Property Tax "new law" please be informed that it applies only on properties which exceed EGP 400,000.00 in value, and is estimated as 14% of the average rental income per annum.

Where is the legal thread by the way?!!

All the best,

Zeiad Yehia
Solicitor

How will the rental income be estimated, and who will do it.

How will the local government even know about the property if it is not registered.

How will anyone know how the property cost to decide if it above the threshold for value (400,000 EGP).
.

[queenie40something]

Hi Zeiad its here on page 2 http://www.propertycommunity.com/forum/egypt...ions-here.html the other is still a sticky x