The new law has kept the prescribed exemptions for the buildings governed by rent pricing systems as per rules of Law 49/1977 and Law 136/1981 and the laws related to places rent ratified before them until re-estimating these buildings as soon as the rental relationship is lawfully terminated.
Besides, the new law has kept some quality exemptions for some buildings such as quarters of political parties, syndicates, youths and sport centers….etc.
The real estate tax is due on the first of January of each year, and it gets two equal installments, the first until the end of June and the second until the end of December of the same year, and the taxpayer may pay it in full on the date of paying the first installment.
Property taxes
The taxpayer is the natural person or the legal person who has the right to own, use or utilize the property, where the tenant is not considered a taxpayer, but is a joint partner with the taxpayer to pay the tax within the approved lease.
Taxpayer
25% of the proceeds of the real estate tax will be directed to the governorates for spending on education and health, and 25% of the entire proceeds will be allocated for the purposes of developing and developing slums.