Tiêu đề chapter 3 - NEW.pdf ✅

Chapter Three Revenues of Real Estate Wealth Dr. Rana Mahmoud
INTRODUCTION : The legislator dealt with revenues of the real estate wealth which are subjected to the tax on natural person's income in part 5 of book two of law 91/2005 starting from Article (38) and ending with Article (46). Taxable revenues of real estate Wealth as in this figure
GENERAL CHARACTERISTICS OF UNIFIED TAX ON REAL ESTATE WEALTH REVENUE : 1. SOURCES OF REVENUE OF REAL ESTATE WEALTH This revenue belong to agricultural land and buildings which are owned or rented by nature persons. 2. TAXABLE ENTITIES (SCOPE OF TAX) : Revenues of real estate wealth which are subject to tax include the following: 2-a REVENUES OF AGRICULTURAL LANDS These revenues are: i. Revenue of agricultural land property It related to revenue of such lands owned completely (neck ownership and usufruct), without regard for their actual plantation. ii. Revenue of agricultural exploitation of horticultural products It is revenue of agricultural exploitation of horticultural products from productive or yielding fruit gardens, and ornamental plats, Medical Herbs and essential plants, and Nurseries of Horticultural products, whether possessor of plants is roomer or owner of the land. Thus, the revenues resulting from agricultural exploitation of grain, vegetables, cotton, or flax are not taxable.
Revenues of agricultural exploitation of horticultural products, are taxable as follows ii-1 Productive Fruit Gardens Meaning those that have become fruitful and ready for production, as such gardens are not taxable if they were still in the stage of growth. The tax impose on exploitation of what exceeds 3 feddans of planted area. For example, if they planted area was ten feddans, revenues of three feddans was not taxable, but revenues of the remaining area of seven feddans will be taxable. Legislator requested Finance Minister in agreement with minister of Agriculture to issue decision in which he determines the ages of fruit trees to become productive. ii-2 Ornamental plants, Medical Herbs and Aromatic plants Revenues of areas more than one feddan of such plants, are taxable. For example, if the planted area is four feddans, one feddan only is exempted from tax and the remaining area of three feddans are taxable.