Capital Gain Tax and Stamp Tax on Trading Securities

January 30, 2022
In 2014, the Egyptian Income Tax Law No. 91 for 2005 (“Income Tax Law”) was amended to apply capital gain tax (“CGT”) on the gains realized from the disposal of shares. The tax rate differs depending on the shares b...

Egypt Increases the Customs Tariff on Solar Panels – Is It 5% or 2%

January 30, 2022
According to Article 5 of Decree No. 419 of 2018 regulating Customs Tariff (“Customs Tariff Decree”), renewable energy machines and equipment (solar and wind) are subject to a flat rate of 2% or the regular customs...

New measures to link Social Insurance with Payroll Tax in Egypt

March 30, 2021
On 29 March 2021, the Social Insurance Authority in Egypt has issued a circular whereby the tax registration number of a company or entity will be recorded in the electronic social insurance system. Employers and co...

Egypt’s New Unified Tax Procedures Law

December 26, 2020
On 19 October 2020, the Unified Tax Procedures Law No. 206 of 2020 (the “Law”) was issued to introduce unified tax procedures or assessment and collection of the direct and indirect taxes. The Law also establishes t...

Amendment to Stamp Duty and the Capital Gains Tax on Sale of Shares and Dividends Tax

October 14, 2020
Law No. 199/2020 was issued on 30 September 2020 to amend the stamp duty and the capital gain tax on sale of shares as well as the dividends tax. The law is effective as of the 1st of October 2020.