RTA excludes specialization of pricing rent of housing units
Mr. Anwar Fawzy, the official speaker of the Real-Estate Taxation Authority (RTA), negates what has been circulated on e-sites that RTA is concerned with pricing the rents of the housing units, the contract duration, or the terms of stay for foreigners.
Anwar said, today, that RTA is concerned with executing the rules of tax law no. 196 for the year 2008 on buildings. This law imposes tax on buildings and the like at 10% of the net annual rent estimated by the constituted legal committees, according to the rules of the law and in the light of the criteria and bases mentioned within.