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Consequences of Not Registering Property on Tax Platform
The article explains that failing to register the property on the Real Estate Tax Platform or to submit the tax declaration by the owner exposes it to a fine ranging from 200 to 2,000 Egyptian pounds, according to the Real Estate Tax Law. It also clarifies that not submitting the declaration does not prevent the property from remaining within the tax system. The purpose of registration and declaration is to determine the property's tax status, with the option to apply for exemption up to the maximum allowable exemptions. Tax evasion, on the other hand, results in fines ranging from 1,000 to 5,000 Egyptian pounds, and administrative seizure may be applied if the payment is delayed.
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