What are the terms to exempt the buildings owned by labor societies and organizations which are allocated for the administration offices or for the purposes they are established for?
To exempt the buildings owned by labor societies and organizations which are allocated for the administration offices or for the purposes they are established for, stipulates the following:
- Societies should be registered according to law.
- Buildings owned by labor societies and organizations should be allocated for the administration offices or for the purposes they are established for.
Buildings that make profit and owned by these labor societies or syndicates as well as the housing units or shops affiliated and rented to others are subject to tax.
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.