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Cyprus

60-day rule – Cyprus Tax Residency

According to the Income Tax Law of 2002, the Cyprus tax residency- based system constitutes individuals physically spending over 183 days within a tax year (1st January to 31st December) in Cyprus (the “183-day rule”), as tax residents in that…

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Egypt

القانون رقم 170 لسنة 2020

النقاط الرئيسية و التنفيذ : يستقطع 1 % شهريا ً من صافى الرواتب و ذلك لمدة (12) شهر و 0.5 % من جميع المعاشات المدفوعة لنفس الفترة و يمكن زيادة هذه الفترة او تقليصها بناءا على قرار من رئيس مجلس…

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Egypt

EGYPT ISSUES LAW 170 ON SALARIES AND PENSIONS DEDUCTIONS DURING THE PANDEMIC

On August 13th 2020, the Government of Egypt issued Law No. 170 for the year 2020. The law requires companies to deduct 1% from all its employees’ salaries for a period of 12 months starting from August 13, 2020. This…

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