Egipte: Entorn econòmic
Concerning social insurance contributions, a new comprehensive health insurance system has been introduced. The total applicable contribution rate is 29.75%, with the employer share of it being 18.75%. The 2021 minimum and maximum monthly salary caps are EGP 1,200 and EGP 8,100, respectively.
There are two distinct types of stamp tax, which are imposed on legal documents, deeds, banking transactions, company formation, insurance premiums, and other transactions, as follows: the nominal stamp tax is imposed on documents, regardless of their value. The tax rate for items such as contracts is EGP 0.9 for each paper; whereas a percentage or proportional stamp tax is levied based on the value of transactions (from 0.05% to 0.3% of the total proceeds realised). This proportional stamp tax has been extended to sell-offs and buyouts involving at least 33% of shares or 33% of assets/liabilities of resident companies. Transactions that fall under the purview of the new Investment Law are exempt from stamp tax for five years. Finally, an annual proportional stamp tax at the rate of 0.4%, shared by the bank and the client, is imposed on a bank's loans.
A solidarity contribution of 0.25% of annual revenue to fund the state health insurance scheme is levied by government agencies, partnerships and companies are required to pay.
Egypt | Middle East & North Africa | United States | Germany | |
Number of Payments of Taxes per Year | 27.0 | 20.8 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 370.0 | 204.0 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 44.4 | 32.1 | 36.6 | 48.8 |
Source: Doing Business, Latest available data.
Individual income tax | Progressive rate from 0% to 22.5% |
Up to EGP 15,000 | 0% |
From EGP 15,001 to 30,000 | 2.5% |
From EGP 30,001 to 45,000 | 10% |
From EGP 45,001 to 60,000 | 15% |
From EGP 60,001 to 200,000 | 20% |
From EGP 200,000 to 400,000 | 22.5 |
Above EGP 400,000 | 25% |
The annual net taxable income ranging: - between EGP 600,000 and EGP 700,000 is not eligible for the 0% tax bracket. - between EGP 700,000 and EGP 800,000 is not eligible for the 0% and 2.5% tax brackets. - between EGP 800,000 and EGP 900,000 is not eligible for the 0%, 2.5%, and 10% tax brackets. - between EGP 900,000 and EGP 1 million is not eligible for the 0%, 2.5%, 10%, and 15% tax brackets. - above EGP 1 million is not eligible for the 0%, 2.5%, 10%, 15%, and 20% tax brackets. |
The rates might be reduced under an applicable tax treaty.
Find out more about Taxes and Accounting in Egypt on GlobalTrade.net, the Directory for International Trade Service Providers.
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Actualitzacions: May 2022