Dec 16, 2022 1 min read

Egypt announces social security contribution for the year 2023

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Effective from 1 January 2020, the government of Egypt had announced that the monthly social security minimum and maximum contribution base amounts will increase on an annual basis until the tax year 2027. Accordingly, the below monthly social security contribution floor and ceiling amounts apply to all salaries paid after 1 January of the respective tax year.

For the tax year commencing on 1 January 2023, the Minimum Social Security Contribution Base will increase from EGP 1,400 to EGP 1,700 per month and the Maximum Contribution Base will increase from EGP 9,400 to EGP 10,900 per month.

Monthly Amount in EGP

Tax yearMinimum Contribution BaseMaximum Contribution Base
2023 1,700 10,900
2024 2,000 12,600
2025 2,300 14,500
2026 2,700 16,700
2027 3,200 19,300

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

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Egypt Social Security Alert.2022090857

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