Egypt MOF Announces Real Estate Tax Relief Measures, Online Portal in English

The Egyptian Ministry of Finance June 15 announced, in English, real estate tax relief measures and the new online portal. The announcement includes that: 1) taxpayers can now electronically file and pay real estate tax returns, request exemptions for primary residences, and settle liabilities; 2) an increase to 8 million Egyptian pounds (US$159,287), from 2 million pounds (US$39,822), to the exemption threshold for primary residences; 3) Oct. 2 is the deadline to settle unpaid tax liability, or pay 70 percent of tax assessed for ongoing disputes; 4) demolished or unusable properties are exempt; 5) timely filed returns will receive discounts ...