Egypt published Law No. 97/2018 in the Official Gazette on 23 June 2018. The law includes various changes regarding individual income tax, including an adjustment of the brackets/rates as follows:

• up to EGP 8,000 - 0%
• over EGP 8,000 up to 30,000 - 10%
• over EGP 30,000 up to 45,000 - 15%
• over EGP 45,000 up to 200,000 - 20%
• over EGP 200,000 - 22.5%

Further, the discount (tax credit) rates are i…