Outsource your payroll in Egypt to Mercans to ensure your compliance with the new social security calculation rules.
Egypt introduces new Social Security contribution basis from January 1, 2019.
Effective from January 1, 2019, Egypt is amending the maximum amount used for the calculation of the variable component of the social security contributions, as follows:
In accordance with the amended maximum amount, the social security contributions for an employee earning a total monthly salary of EGP 5,550 or more are calculated as summarized below:
The amended rate will apply to all variable wages and salaries earned after January 1, 2019 through December 31, 2019.
Contact Mercans’ payroll outsourcing team in Egypt to ensure that your payroll calculations are accurate and compliant.