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Aug. 28—The Egyptian personal income tax threshold has increased, the highest tax bracket threshold and rate decreased, Egyptian President Abdel Fattah el-Sisi announced Aug. 24 in Law No. 69 of 2015.
• no taxes on wages up to 6,500 pounds ($831),
• 10 percent on wages above 6,500 pounds and up to 30,000 pounds ($3,831),
• 15 percent on wages above 30,000 pounds and up to 45,000 pounds ($5,747),
• 20 percent on wages above 45,000 pounds and up to 200,000 pounds ($25,561) and
• 22 percent on wages above 200,000 pounds and an additional 5 percent tax on wages above 1 million pounds ($127,711).
The presidential decree amends provisions of the Income Tax Law No. 91 of 2005.
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Income Tax Law No. 91 of 2005 is available in English at http://www.mof.gov.eg/MOFGallerySource/english/IncomeTaxLaw.pdf.
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