Nov 7, 2023 1 min read

Egypt Income Tax Law Amendment

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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:

The revised income tax brackets are provided below:

Annual Income Tax Bracket (in EGP)Total Annual Taxable Income
Less than 600,000600,000-700,000700,000-800,000800,000-900,000900,000-1,200,000More than 1,200,000

The amended Income tax law is effective from 1 November 2023. Two tax declarations will still need to be provided by entities with a 31 December financial year-end:

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

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Egypt-Additional 2023 Legislation changes

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