Nov 7, 2023 1 min read

Egypt Income Tax Law Amendment

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The Egyptian Parliament has further amended the Income Tax Law No 91 of 2005, as published in the official Gazette dated 01 November 2023, as follows:

The revised income tax brackets are provided below:

Annual Income Tax Bracket (in EGP)Total Annual Taxable Income
Less than 600,000600,000-700,000700,000-800,000800,000-900,000900,000-1,200,000More than 1,200,000
1-30,0000.0%10.0%15.0%20.0%22.5%25.0%
30,001-45,00010.0%10.0%15.0%20.0%22.5%25.0%
45,001-60,00015.0%15.0%15.0%20.0%22.5%25.0%
60,001-200,00020.0%20.0%20.0%20.0%22.5%25.0%
200,001-400,00022.5%22.5%22.5%22.5%22.5%25.0%
400,000-1,200,00025.0%25.0%25.0%25.0%25.0%25.0%
>1,200,00027.5%27.5%27.5%27.5%27.5%27.5%

The amended Income tax law is effective from 1 November 2023. Two tax declarations will still need to be provided by entities with a 31 December financial year-end:

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.

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Egypt-Additional 2023 Legislation changes
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