Back to the complete issue
Thursday, 8 August 2019

Agricultural land tax to return in July 2020

EXCLUSIVE- Agricultural land tax coming back into effect in July 2020: The government is preparing to bring back its agricultural land tax from July 2020 following a three-year suspension beginning in 2017, two government officials told Enterprise. The government is currently re-appraising the land that will be subject to the tax, which spans 16 governorates. A total of around 10 mn feddans will be subject to the tax.

Tax to be imposed under one of two categories: According to the sources, the tax will be imposed and collected separately on two types of land. The first is land that has seen its output increase by 30% as a result of irrigation projects. Rent prices on these land plots will be reassessed as part of the appraisal process, and any changes will be implemented as of 1 August 2020. The tax rate will remain unchanged at 14% of the land’s rent value, the sources stressed. The second category is land where there are no irrigation projects. Rent on these plots will remain unchanged, and the tax rate will remain fixed at EGP 200-300 per feddan.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.