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Legal
Bulletin
Egyptian Real Estate Taxes |
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| 2/8/2009 | |
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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. |