Egypt announces social security contribution for the year 2023
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 year||Minimum Contribution Base||Maximum Contribution Base|
Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change
Download PDFEgypt Social Security Alert.2022090857