Feb 27, 2024 1 min read

Egypt – Parliament approves changes in tax law effective Mar 2024

The Egyptian parliament on 22nd February 2024, in official gazette approved below changes in the income tax law no. 91 of 2005. These are effective from 1st March 2024.

Changes in tax table

The threshold for the tax-exempt bracket for annual income has been raised from EGP 30,000 to EGP 40,000. Consequently, the newly adjusted brackets are as follows.

Tax Rate (%)Not exceeding EGP 600,000Between EGP 600,000 and 700,000Between EGP 700,000 and 800,000Between EGP 800,000 and 900,000Between EGP 900,000 and 1,200,000Exceeding EGP 1,200,000
01 to 40,000-----
10Exceeding 40,000 to 55,0001 to 55,000----
15Exceeding 55,000 to 70,000Exceeding 55,000 to 70,0001 to 70,000---
20Exceeding 70,000 to 200,000Exceeding 70,000 to 200,000Exceeding 70,000 to 200,0001 to 200,000--
22.5Exceeding 200,000 to 400,000Exceeding 200,000 to 400,000Exceeding 200,000 to 400,000Exceeding 200,000 to 400,0001 to 400,000-
25Exceeding 400,000Exceeding 400,000Exceeding 400,000Exceeding 400,000Exceeding 400,0001 to 1,200,000
27.5-----Exceeding 1,200,000

Changes in personal exemption limit

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

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Egypt - Parliament approves changes in tax law effective Mar 2024

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