Egypt - Increase in Social Security Limits Effective 1 January 2024

Egypt - Increase in Social Security Limits Effective 1 January 2024

The Social Insurance and Pension Law no.148 of 2019 mandates a 15% increase on the minimum and maximum salary limits on which the social security contributions are calculated. This increase is effective 1 January every year for a period of seven years from, 1 January 2021.

Therefore, effective 1 January 2024 -
  1. the monthly minimum salary limit increases from EGP 1 700 to EGP 2 000, and
  2. the monthly maximum limit increases from EGP 10 900 to EGP 12 600.

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