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Egypt

Egypt Establishes Martyrs & Victims Tax Fund

On March 3rd, Law No. 4 of 2021 was promulgated by President Abdel Fattah Al-Sisi. The new law amends some provisions of Law No. 16 of 2018 and establishes funds to honor and support the families of the victims who are missing, lost…

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News-Egypt

EGYPT: PENALTY WAIVER LAW NO. 173 FOR THE YEAR 2020

On August 16, 2020, the Government of Egypt issued Law No. 173 for the year 2020. The law was issued to waive penalties for delayed tax payments and interest on tax differences and penalties for delayed payments. Main points &…

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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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News-Egypt

NEW INDIVIDUAL TAX RATES & PENALTIES ON TAX DIFFERENCES (LAW NO. 26 2020)

LAW NO. 26 FOR THE YEAR 2020 On May 7th, 2020, the Government of Egypt issued Law No. 26 for the year 2020 that amended specific articles in the Income Tax Law No. 91 for the year 2005 (Articles No….

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News-Egypt

Egypt amends Investment Law; introduces mandatory reporting

Egypt’s Prime Minister Mostafa Madbouly has issued decree No. 2731 of 2019 regarding amendments to the bylaws of Egypt’s investment law. The amendments include new provisions to the executive regulation; two articles that require local and private entities to submit…

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