In a statement issued on Monday, Minister of Finance Ahmed Kouchouk said that, for the first time, owners of multiple units will be able to submit a single tax declaration, adding that electronic payment receipts will be officially recognized.
Egypt’s Ministry of Finance has launched the first mobile application for real estate tax services, allowing taxpayers to electronically submit property declarations, make advance payments, settle outstanding dues, and request exemptions for the family’s private residence.
In a statement issued on Monday, Minister of Finance Ahmed Kouchouk said that, for the first time, owners of multiple units will be able to submit a single tax declaration, adding that electronic payment receipts will be officially recognized.
Kouchouk noted that the new real estate tax facilitation measures aim to simplify procedures and reduce burdens and obligations on citizens. These measures include raising the exemption threshold for the family’s private residence to EGP 8 million, up from EGP 2 million.
He added that the ministry is preparing a smart indicative pricing map for the valuation of built properties, with the aim of unifying standards and ensuring fairness.
The minister also pointed out that exemption requests for the family’s private residence can now be submitted within the electronic declaration, without the need to visit a real estate tax office.
He further explained that late payment penalties will be waived for taxpayers who pay the original tax debt by October 2. Taxpayers will also be allowed to settle ongoing disputes by paying 70% of the tax due by the same deadline.
Kouchouk stressed that no tax will be imposed if a property has collapsed or if exceptional circumstances prevent the building from being used or utilized.
He also highlighted a tax incentive for compliant taxpayers who submit their declarations within the legal deadline, including a 25% deduction from the tax due on residential units and a 10% deduction on non-residential units. This incentive increases to a 30% tax deduction when advance payments are made, ranging from EGP 200 to EGP 1,000 depending on the type of unit.
For his part, Rami Youssef, Assistant Minister of Finance for Tax Policies, said that all appeals filed by the Real Estate Tax Authority and currently being reviewed by appeal committees will be withdrawn. He added that the authority’s power to challenge rental values determined by valuation committees will also be revoked.
Youssef also noted that taxpayers will be allowed to pay both the tax and any late payment amounts in installments through electronic payment methods, as part of efforts to make the process easier for citizens.
