TAX in Egypt
PROPERTY TAX - The real estate tax is levied on built properties and paid annually at the rate of (10%) of the net rental value of the property (the unit) and that private housing (the residential unit that the citizen takes as the main residence for himself and his family) is exempt even less than EGP 2 million and is subject to tax.
SALES TAX - Real estate disposal tax is levied on any disposition through which a transfer of ownership of a property, unit or establishment arises at about 2.5% of the value of such disposition, in accordance with Law No. 91 of 2005 on income tax, and the General Tax Authority is responsible for the execution and collection of which is the General Tax Authority, according to the official website of the Egyptian Tax Authority.
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