Egypt – Social Security Contribution Bases Updated.
Mercans, a leading Egypt payroll outsourcing, PEO/GEO, employee leasing, recruitment and BPO services provider, has published Egypt payroll outsourcing alert. Subscribe to Mercans’ Egypt payroll outsourcing alerts to ensure that you are always up-to-date with the lasted regulatory changes in Egypt labor and payroll compliance requirements.
Effective from 1 January 2020, the government of Egypt announced that the monthly social security minimum and maximum contribution base amounts will increase on an annual basis until the tax year 2027. The monthly social security contribution floor and ceiling amounts, as provided below, apply to all salaries paid after 1 January of the respective tax year.
Mercans’ Egypt Payroll Outsourcing Solutions
While Mercans’ Egypt Payroll Outsourcing alerts will allow you to stay on top the latest development in Egypt’s payroll regulations, you should still get in touch with Mercans’ Egypt payroll outsourcing, compliance, PEO/GEO and BPO specialists for a free consultation on setting up fully compliant payroll and HR functions. Better yet, outsource your payroll and HR activities in Egypt to Mercans and our Egypt payroll outsourcing experts will ensure that your employees will always be paid on time and in accordance with the Egypt regulations.
Download PDF: Mercans.Statutory.Alert.EGYPT – NOSI.Caps