Egypt - Income Tax Amendments Effective 1 November 2023

Egypt - Income Tax Amendments Effective 1 November 2023

The President has signed Law No. 175 of 2023 amending some provisions of the Income Tax Law No.91 of 2005, effective 1 November 2023. This law contains the following amendments:

  • Raises the tax exemption limit to EGP 45,000 (the annual personal exemption limit remains unchanged at EGP 15,000).
  • Increases the zero-rated bracket from EGP 21,000 to 30,000.
  • Removes the 2.5% bracket of EGP 21,000 to EGP 30,000.

Annual income tax brackets effective 1 November 2023:


Taxpayers with a higher net taxable income are not allowed to avail of the lower tax brackets:
  1. The annual net taxable income ranging between 600 000.00 and 700 000.00 is not eligible for the 0% tax bracket.
  2.  The annual net taxable income ranging between 700 000.00 to 800 000.00 is not eligible for the 0% and 10% tax brackets.
  3. The annual net taxable income ranging between 800 000.00 and 900 000.00 is not eligible for the 0%, 10%, and 15% tax brackets.
  4.  The annual net taxable income ranging between 900 000.00 and 1 200 000.00 is not eligible for the 0%, 10%, 15%, and 20% tax brackets.
  5.  The annual net taxable income above 1 200 000.00 is not eligible for the 0%, 10%, 15%, 20% and 22.50% tax brackets.



    • Related Articles

    • 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 ...

    • Egypt: Income Tax Amendments 2024

      The Egyptian Government has given its approval to amendments modifying specific provisions within Tax Law No. 91 of 2005. Key amendments within the law include: 1. Increasing the zero-rated bracket from EGP 30,000 to EGP 40,000. Below is the updated ...

    • Angola – Employment Income Tax Code Amendments Effective 1 January 2024

      The General State Budget (OGE) for 2024 was approved by National Assembly on 13 December 2023 and enacted on 26 December 2023. According to the Ministry of Finance, the amendments to the 2024 Economic Year (OGE-2024) appears in Law No. 15/23, of 29 ...

    • Ghana: New effective date for Tax Amendments

      Please note that the GRA has issued a notice regarding the implementation of amendments in the 2023 Budget Statement. Effective date of implementation of the Income Tax Amendments is 1st May 2023 (previously 1st April). This is to enable companies to ...

    • Egypt | How to exempt Directors from social security contributions

      Within Egypt the option to exempt Directors of a company from the standard social security can be applied by highlighting a Director status. Navigate to Employee > Tax Profile Ensure the employee record tax status field is set to Directors from the ...