As {News-2015-08-28/A/2- previously reported}, the law amending Egypt's individual and corporate tax rates entered into force on 21 August 2015. The effective dates of the changes are as follows.

The reduction in the standard corporate tax rate from 25% to 22.5% is effective for the calendar tax year beginning 1 January 2015 or tax years ending after 20 August 2015.

The adjustment of the indi…