FAQ
What is the latest information favor the Estate Taxes law & it's application in Egypt Generally and Hurghada Specially..?
- For the normal property owner ( Egyptian Citizen or foreigner ) the estate taxes were not being known and it was very little annual fees
named ( Property Returns : few Egyptian pounds annually ).
- Two Years ago the Egyptian government started organizing the Estate Taxes Law in Public Plan to increase the local income to feed the national projects.
, therefore the Estate Taxes law came to the existence accordingly applying the taxes over the residential , Commercial & Industrial Properties.
- The Egyptians were deeply against applying the law over the family house which made a public reflection through the government , which made
the president to put the law in modifications to match the national acceptance.
- Till the moment the Taxes authority doesn't act in known way and it's still contracted,but normally if you received any announcement of payments
to the Estate Taxes authority you should act with it and take an agent to manage it for you as it's dangerous to neglect it and you may be asked for neglected it.
- Normally the Estate Taxes law neglect the property which is being priced for 500,000 EGP or less , but the property price you bought the property doesn't reflect
the real value of your property nor any Real Estate agents pricing views , the pricing came through the taxes authority investigation...
- For the normal property owner ( Egyptian Citizen or foreigner ) the estate taxes were not being known and it was very little annual fees
named ( Property Returns : few Egyptian pounds annually ).
- Two Years ago the Egyptian government started organizing the Estate Taxes Law in Public Plan to increase the local income to feed the national projects.
, therefore the Estate Taxes law came to the existence accordingly applying the taxes over the residential , Commercial & Industrial Properties.
- The Egyptians were deeply against applying the law over the family house which made a public reflection through the government , which made
the president to put the law in modifications to match the national acceptance.
- Till the moment the Taxes authority doesn't act in known way and it's still contracted,but normally if you received any announcement of payments
to the Estate Taxes authority you should act with it and take an agent to manage it for you as it's dangerous to neglect it and you may be asked for neglected it.
- Normally the Estate Taxes law neglect the property which is being priced for 500,000 EGP or less , but the property price you bought the property doesn't reflect
the real value of your property nor any Real Estate agents pricing views , the pricing came through the taxes authority investigation...