The most recent modification to the Revenue Tax Legislation in Egypt Legislation No. 26/2020 – Revenue Tax


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Revenue tax in Egypt applies to any pure particular person – Egyptian or overseas – on their revenue from Egyptian sources, whether or not this revenue is wage, from self-employment, hire assortment or charges for providers.

The Ministry of Finance in Egypt has made a number of amendments to the revenue tax regulation to attain social justice. The most recent modification to this regulation was issued on 07 Could 2020.

Based mostly on this modification, the primary EGP15000 taxpayers who earn tax-free annuity in Egypt, as well as, will get pleasure from an quantity of EGP9000 as private allowance.

One other benefit has additionally been added to this regulation, as revenue ranges are categorised into six brackets, based on which we are able to decide the speed of tax that can be deducted. As proven within the following desk:



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sensible matter:

For instance, if the wage of an worker is EGP30,000 per 30 days, then right here is how we are able to calculate his revenue tax.

EGP30,000 x 12 = EGP360,000

Based mostly on his annual revenue, he could be within the first class, so the calculation could be as follows:

EGP360,000 – EGP9000 (Private Allowance) = EGP351,000

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The month-to-month tax deduction for this worker as calculated above can be: EGP64,600/12= EGP5383.3.

The content material of this text is meant to supply a basic information to the subject material. Specialist recommendation must be sought about your particular circumstances.

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