In a statement issued on Friday, the minister revealed that the tax exemption threshold for primary residential properties has been raised to EGP 8 million, a move expected to significantly reduce the number of taxable homeowners. He also emphasized that late payment penalties will not exceed the original tax amount, providing further relief to taxpayers. Kouchouk noted that no real estate tax will be imposed on properties that are demolished or rendered unusable due to exceptional circumstances. Additionally, for the first time, taxpayers will be allowed to request full waivers of both tax liabilities and associated penalties in cases deemed necessary. To encourage compliance, the government is introducing tax incentives, including a 25% discount for timely filing on residential units and 10% for non-residential properties.

Source: Daily News Egypt March 21, 2026 19:28 UTC