Real Estate Tax
Any house valued less than LE 2 million will be exempted from tax but its owner should present his statement before the end of this month.
In a press release on Wednesday, the minister said the tax imposed on the sale of real estate was reduced from 5 percent to 2.5 percent in 1996 to lift the burden on the citizens.
Real estate tax has been adopted in Egypt since 1847, and amendments took place in 1954 and 2008, expert says.
The Federation of Egyptian Industries (FEI) called on Sunday to exempt stalled factories from the real estate tax.