December 31st, last date for paying property tax without penalties

A statement issued by the Ministry of Finance, Head of the Real Estate Tax Authority:

December 31, 2021 is the last date for paying the second installment of the real estate tax without a “delay penalty”

Payment of the second installment of the real estate tax through the competent tax office (see this Gouna News article for Hurghada Property Tax location and information, parts of which are still relevant to El Gouna property owners)  or the authority’s outlet in the public treasury building.. or the 6th of October mission in Cairo. 

Any private housing with a market value of less than 2 million pounds.. is exempt from real estate tax. 

Anwar Fawzy, head of the Real Estate Tax Authority, confirmed that the last date for paying the second installment of the real estate tax is on December 31, without calculating “delay fines”, as the legislator decided to entitlement for a delay in return for what was not paid from the tax on the specified date based on the price of the credit and discount announced by the Central Bank in addition to 2% of the value of the overdue amount, explaining that the real estate tax is paid in two installments, the first from the beginning of January to June 30, and the second from the beginning of July until the end of December, and in order to facilitate the citizens, the value of the second installment of the real estate tax can be paid through the collection points of the competent missions to which the real estate unit belongs, or at the outlet of the Real Estate Tax Authority in the public treasury building or at the 6th of October mission, through electronic collection machines. 

Mr. Fawzi added that private housing with a market value of less than 2 million pounds is exempt from real estate tax, so that its owner submits a request for an exemption on “Form 6” attached to it “Statement of Real Estate Wealth on Form 6 bis” that includes a statement of all units he owns or benefits from in all of Egypt, explaining that if the market value of the real estate unit “private residence” reaches 2 million pounds, the real estate tax due is only 120 pounds annually, and if it reaches two and a half million pounds, the tax will be 750 pounds, and if it reaches 3 million pounds, the tax will be 1380 pounds. 

He pointed out that private housing with a net annual rental value of less than 24,000 pounds is also exempt from real estate tax, so that its owner submits an exemption request on “Form 6” attached to the “Statement of Real Estate Wealth on Form 6 bis” that includes a statement of all units he owns or benefits from in Egypt, pointing out that the real estate tax is raised in the event that the property is completely or partially destroyed in a way that prevents the use of all or part of the property, and if the land independent of the built properties becomes unused, so that the taxpayer submits a request to the entity to assess and collect the tax, provided that the inventory and assessment committees examine this request and decide whether to raise the tax or not.