ICEC

Egypt to not introduce inheritance tax: Finance Ministry

Egypt’s Finance Ministry has denied reports that it will impose new inheritance or real estate taxes, according to Mubasher.

A tax on real estate deals was imposed in 2005 and remains valid, collected when inheritors sell properties, so it’s not an inheritance tax, the ministry said in a statement, explaining that there is no tax on just the transfer of ownership.

MoF also stressed that strategy of a stable tax policy, in order to maintain a positive environment for investors.

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