Details

  • Type: Publication series
  • Date: 7/29/2014

Egypt – New 5-Percent Tax Rise on High Earners Introduced 

Egypt recently introduced a tax increase from 25 percent to 30 percent, which is effective from tax year 2014 for a 3-year period and applies to those earning over one million Egyptian pounds (app. $142,200) a year. Until this change, individuals earning above EGP 250,000 a year were taxed at a rate of 25 percent; now that rate is capped at EGP 1,000,000 and those earning over EGP 1,000,000 are taxed at a 30-percent rate.

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Egypt – New 5-Percent Tax Rise on High Earners Introduced
 

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