GIC LEGAL EGYPT

GIC LEGAL EGYPT GIC LEGAL is an international middle size law firm, with three offices in France, Egypt and Spain.

IC Legal is composed of 10 Lawyers, including one international Arbitrator. All of them benefits from a long experience and solid expertise with regards to International, Business, Investment and Real Estate Law. Our firm provides legal services and legal representation in Arabic, English, French, Italian, Russian & Spanish. Over the years, our firm advised few hundred overseas investors and compa

nies from all over Europe, with their business transactions in the following countries: Egypt - Dominican Republic - France - Italy - Morocco - Spain - Turkey.

21/02/2018

Pour désengorger Le Caire et ses 18 millions d’habitants, les dirigeants égyptiens rêvent, depuis les année...

22/09/2017

Egypt signed on Tuesday a memo of understanding with China worth about $739 million for an electric train to a new capital the north African country is building, the Egyptian investment minister said.

25/07/2017

Cairo Capital is a momentous endeavour to build national spirit, foster consensus, provide for long-

21/03/2017

WHAT THE ENFORCING CONTRACTS INDICATORS MEASURE At first it measures the time required to enforce a contract through the court in terms of Calendar

18/01/2017

NOUVELLE TAXE IMMOBILIÈRE ÉGYPTE

au cas ou vous ne seriez pas déjà au courant de la nouvelle taxe immobilière mise en place par le Gouvernement Égyptien en 2016.

Cette nouvelle taxe repose sur la valeur locative du bien immobilier, cette valeur locative étant désormais estimé directement par l'administration fiscale. Le montant de l’impôt s'élève pour l'instant à 10 % de la valeur locative annuelle.

Exemple : si valeur locative de votre appartement/maison est estimé à 500 €/ mois, le montant annuel de la taxe sera de 600 € (500X12/10).
Cette taxe est uniquement due pour les propriétés déjà construites et pour lesquels le prix de vente a était entièrement payé. Le paiement de cette taxe est normalement adressé directement aux propriétaires par l’administration toutefois il est très fréquent que l'administration n'aient pas les informations et coordonnées du propriétaire, dans ce cas la taxe sera prélevée auprès du constructeur charge à lui de se la faire rembourser par le propriétaire.

Nous avons toutefois noté qu'il est très fréquent que ces derniers surfacturant au propriétaire le montant de la taxe.

En conséquence, si vous avez d'une part déjà reçu une telle demande de paiement de la part du constructeur et si vous souhaitez vérifier la véracité du montant de cette taxe ou d'autre part si vous souhaitez anticiper la situation de manière proactive afin de payer directement la taxe auprès de l'administration, n"hésitez pas à nous contacter si vous avez besoin d'assistance de notre part.

Cordialement [email protected]

18/01/2017

NEW PROPERTY TAX EGYPT

I am hereby writing to inform you in case you have not heard already about that a new property Tax has implemented last year by the Egyptian Government.

Basically the tax is due based on the rental value of the property. Such rental value is estimated and determined by the Tax Dpt. From this amount the tax is levied at a rate of 10 %.

Example if your Apt has an estimated rental value of 300€/month you shall 360€ of tax ( 300 X12 = 3 600/360)

The tax is only due when the property is delivered and that the client has paid the full amount. Normally the tax is levied directly by the Gvt to the owners, however most of the time they do not have these details. In such case they tax the developer and the developer collect the tax from the owners.

We have already been informed by a few clients that they received such request of payment of the tax directly from the developer and that in certain time it appears that the amount requested by the developer was overcharged.

Therefore if ever you already received a request of payment from your developer or even if you would like to anticipate this and have all formalities already done directly with the tax office, we could help you with this matter.

Do not hesitate to contact us for more information

18/01/2017

NUOVA TASSA SU LA PROPRIETÀ IMMOBILIARE

Vi contatto per informarvi ed aggiornavi su la situazione giuridica in Egitto per quanto riguarda la nuova tassa su la proprietà che il governo Egiziano ha instaurato in 2016.

Queste nuova tassa e calcolata sul sul valore locativo del appartamento. Questo valore locativo dove essere stabilito direttamente dal amministrazione fiscale, sul la base delle informazione del catasto.

L'importo da pagare sarà 10 % del valore locativo del Apt. Per esempio si vostro Appartamento ha un valore locativo di 300 € per mese, la tassa da pagare sarà di 360 € ( 300 X 12 = 3600 X10 % = 360€)

Questa tassata e soltanto dovuta su le proprietà finita e per quale il prezzo stato pagato integralmente. Normalmente e direttamente richiesta dal Governo al proprietario, purtroppo, nella maggiore parte dei casi il governo ha i dettagli dei proprietari e dunque chiede il pagamento al costruttore, che in un secondo tempo rivolgerà la fattura al proprietario.

Abbiamo già avuto il caso per alcuni clienti nostri per quali il pagamento stato richiesto dal costruttore. Purtroppo l'importo chiesto dal costruttore stato più importante che l'importo della tassa richiesta dal governo. Perciò abbiamo condotto richiesta direttamente presso le autorità fiscale locale per ottenere il importo giusto da pagare e da pagarlo per il conto dei nostri clienti.

Nel caso cui avete già ricevuto questa domanda da pagare e nel caso cui volette verificare l'importo corretto e pagarlo direttamente presso le autorità o nel caso cui volete anticipare il problema e trattare direttamente con le autorità potremo aiutarvi con questo.

Non esitate a contattarci per più informazione

Cordiali Saluti [email protected]

24/12/2016
22/09/2015

Big enough to trust, small enough to care

05/05/2015

* Govt keen to pass law ahead of investment conference* Legislation aims to address investor concerns (Adds change to law)By Stephen Kalin and Yara BayoumyCAIRO, March 4 (Reuters) - Egypt's cabinet

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