Country Updates
Egypt
Income Tax: Made the following changes per the Unified Tax Act, effective July 1, 2020:
Updated the tax table from five to seven tiers. The new top rate of 25% applies to income above EGP 400,000.
Added a calculation for the following taxable income levels to disallow the benefit of the specified, and lower, tax rates:
EGP 600,000 to EGP 700,000: 0%.
EGP 700,000 to EGP 800,000: 2.5%.
EGP 800,000 to EGP 900,000: 10%.
EGP 900,000 to EGP 1 million: 15%.
EGP 1 million and above: 20%.
Increased the personal allowance by EGP 2,000 to EGP 9,000.
Egypt Tax Table
v.20.3.0
|
v.20.3.0
|
v.20.3.0
|
v.20.3.0
|
v.20.3.1
|
v.20.3.1
|
v.20.3.1
|
v.20.3.1
|
Tax Rate
|
Income Thresholds
|
Income Thresholds
|
Income Thresholds
|
Tax Rate
|
Income Thresholds
|
Income Thresholds
|
Income Thresholds
|
0%
10%
15%
20%
22.5%
|
0
8,000
30,000
45,000
200,000
|
-
-
-
-
-
|
8,000
30,000
45,000
200,000
and above
|
0%
2.5%
10%
15%
20%
22.5%
25%
|
0
15,000
30,000
45,000
60,000
200,000
400,000
|
-
-
-
-
-
-
-
|
15,000
30,000
45,000
60,000
200,000
400,000
and above
|