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Finance Assistant Minister Offers 25% Property Tax Discount for Early E-Filing
The Office of the Assistant Minister of Finance for Tax Policies has announced the launch of Egypt's first mobile application for real estate taxes, allowing citizens to file their tax declarations electronically without the need to visit tax offices. The app enables users to create an account and submit a unified declaration for their real estate units, with the option to select properties that are exempt from tax, such as private residences valued up to 8 million Egyptian pounds. The deadline for submitting declarations is September 30th. A 25% discount on the tax amount is offered for those who file early, and this discount remains available as long as the data is kept up to date. The upcoming phase will involve publishing a pricing map for each area based on the price per square meter. Tax assessments for units will commence after the owner receives the unit and utilities are connected. The Ministry of Finance aims to facilitate and enhance the real estate tax system through this app, seeking to increase efficiency and simplify procedures for citizens.
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