Monday, October 3, 2011

Property Taxes

Introduction of the Property Tax will be postponed until January 2013.

An official at the Ministry of Finance said that the changes are related to increasing the tax exemption limit on annual rental income from LE6,000 to LE12,600.
The exemption limit for individual homes will be lifted from LE 500,000 to LE 1 million for single-unit owners and to LE2 million for owners of more than one
residential unit.

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