H
ASSOUNA & ABOU ALI 

Attorneys At Law
Cairo, Egypt

   
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Legal Bulletin

Egyptian Real Estate Taxes

2/8/2009

The new Built Real Estate Tax Law No. 196 of 2008 imposes an annual tax payable by the owner of the built unit at the rate of 10% calculated on the basis of the annual rental value of the built unit after allowing a deduction against all expenses incurred in maintaining the unit at the rate of 32% for commercial units and 30% for residential units. In addition, the sale of built or vacant real estate attracts a 2.5% disposition tax payable by the seller calculated on the basis of the sale price.

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Last modified: August 31, 2009      Copyright Hassouna & Abou Ali       Disclaimer