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Real Estate Tax Authority Clarifies Private Residence Exemption Requirements
The news indicates that Egypt's real estate tax system has recorded over 1.2 million tax declarations, benefiting more than two million real estate units, with increasing participation from citizens. The Ministry of Finance has extended the deadline for submitting declarations until the end of December 2026, to encourage payment and forgive penalties. Citizens also have the opportunity to settle their outstanding debts with a 30% discount. Additionally, the exemption threshold for private residence tax has been raised from two million to eight million Egyptian pounds. Submission must be made via the electronic application to activate the exemption, with immediate support available at technological centers and local authorities.
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