Aug 16, 2020 1 min read

Egypt Payroll Outsourcing Alert

Egypt – “Coronovirus Tax” Introduced

Effective from 1 August 2020, the government of Egypt has introduced an additional tax on 1%, that will be deducted from employees’ net employment income, to alleviate the economic impact of COVID-19. At the same time, all state pensions will be subject to a 0.5% contribution rate.

The additional contribution does not appy to employees and pensioners whose net income does not exceed EGP 2,000. All private and public sector employees will be subject to the additional tax, to be in effect for 12 months from 1 August 2020.

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.

Mercans Recommend

View PDF

Mercans Egypt Payroll Outsourcing Alert - Additional Income Tax
Size

815.89 KB

Most viewed posts

View all posts

Mercans: A Leader in Global Managed Payroll – ISG Provider Lens™ 2023

Payroll solutions and services study meticulously assessed 36 vendors across three distinct quadrants, and Mercans proudly emerged as a frontrunner.

Nov 9, 2023 2 min read

Egypt Income Tax Law Amendment

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: First tax bracket limit has been increased from EGP 21,000 to EGP 30,000. The 2.5% tax brac

Nov 7, 2023 1 min read

Mercans Welcomes Darwinbox, Microsoft-Backed HCM, to Its Ecosystem

Our pre-built, bidirectional integration ensures seamless flow of employee data, including demographics and pay-related info, from Darwinbox to Mercans’ HR Blizz.

Oct 30, 2023 4 min read

Client Success Story: Deckers

The strategy involved three key connections: integrating with UKG Dimensions for time and attendance, inbound integration with Workday, and linking with UKG Pro for pay statement transmission.

Oct 25, 2023 3 min read

Mercans Attains ‘Major Contender’ Status in Everest Gro...

This recognition reaffirms Mercans' position as a distinguished industry player For the fifth consecutive time.

Oct 24, 2023 3 min read

Empowering Turkish Businesses with Mercans’ Advanced Payroll Solutions

We understand the intricacies faced by Turkish enterprises, from complex calculations to the demands of global payroll administration.

Oct 23, 2023 4 min read