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Retained

  • Statutory Tax Rate 22.5
  • Surtax Based on Taxable Income 0
  • Surtax Based on Statutory Tax 0
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 22.5

Statutory Tax Rate

Law No. 96, which entered into force 21 August 2015, reduced the standard corporate tax rate from 25% to 22.5% effective for the calendar tax year beginning 1 January 2015 or tax years ending after 20 August 2015. The law also abolished the 5% surtax introduced in 2014 on income exceeding EGP 1 million - the surtax applies from the tax year ending after 5 June 2014.
Oil exploration and production companies are subject to tax at the rate of 40.55%.

Effective Tax Rate

Law No. 96, which entered into force 21 August 2015, reduced the standard corporate tax rate from 25% to 22.5% effective for the calendar tax year beginning 1 January 2015 or tax years ending after 20 August 2015. The law also abolished the 5% surtax introduced in 2014 on income exceeding EGP 1 million - the surtax applies from the tax year ending after 5 June 2014.
Oil exploration and production companies are subject to tax at the rate of 40.55%.

Capital Gains

  • Statutory Tax Rate 22.5
  • Surtax Based on Taxable Income 0
  • Surtax Based on Statutory Tax 0
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 22.5

Statutory Tax Rate

Capital gains (including gains from the disposal of unlisted shares) are considered as part of business income and subject to tax at the standard corporate tax rate.

Effective 1 October 2020, capital gains realized on the disposal of listed securities (including treasury bills) by non-residents are exempt from the capital gain tax. Previously, capital gains realized by non-resident entities on the sale of shares listed on the Egyptian stock market were taxed at the rate of 10%. However, this tax was suspended until 30 September 2020 as a part of COVID-19 measures and subsequently permanently removed effective from 1 October 2020.

For residents, capital gains from the disposal of listed shares are subject to tax at the reduced rate of 10%. However, the tax has been suspended until 31 December 2021 as a part of the COVID-19 measures.