New Property Tax in Egypt

The Egyptian Government enforced within the third quarter of 2009 a new property tax law for owners of achieved real estate property in Egypt. This tax payable by the 31st of December of each civil year will be based on the value of the property. Going from 125 £ for a property amounting to 22 000 £ up to a maximum of 4 500 $ for a property amounting to 780 000 £.

This is the responsibility of each owner to take the steps to register himself with the Egyptian tax offices.