Egypt Social Security Contribution Updates
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Egypt Social Security Contribution Bases Updates.
Effective from 1 January 2020, the government of Egypt announced that the monthly social security minimum and maximum contribution base amounts will increase on an annual basis until the tax year 2027. The monthly social security contribution floor and ceiling amounts, as provided below, apply to all salaries paid after 1 January of the respective tax year.
| Monthly Amount in EGP | ||
|---|---|---|
| Tax Year | Minimum Contribution Base | Maximum Contribution Base |
| 2021 | 1,200 | 8,100 |
| 2022 | 1,400 | 9,400 |
| 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 |
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.
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