A person owns a unit in Masaken Sheraton via an ownership contract from Misr el-Gedida for Housing and Construction Company. Is he/she obliged to submit a tax declaration in his/her name or the owner company is the one obliged to submit the tax declaratio
He/she is obliged to submit the tax declaration as long as he/she is the owner of the unit via an ownership contract from the seller company.
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.