Egypt - Income Tax Amendments Effective 1 July 2023
The Egyptian Tax Authority published Law No. 30 of 2023, amending the Income Tax Law No.91 of 2005.
Below is a summary of the amendments affecting payroll:
- Revised individual income tax brackets effective 1 July 2023 (first bracket will increase to EGP 21,000 and a new bracket of 27.5% will be added).
- The annual personal exemption limit will increase to EGP 15,000 effective 1 July 2023.
- https://www.incometax.gov.eg/pdf/law/Law-No-30-of-2023.pdf
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