{"id":1496,"date":"2021-03-16T01:00:00","date_gmt":"2021-03-16T01:00:00","guid":{"rendered":"http:\/\/127.0.0.1:8081\/?page_id=222"},"modified":"2021-10-03T17:22:31","modified_gmt":"2021-10-03T17:22:31","slug":"new-increase-social-insurance-salary-egypt","status":"publish","type":"post","link":"https:\/\/riad-riad.com\/new-increase-social-insurance-salary-egypt\/","title":{"rendered":"New Increase in the Social Insurance Salary in Egypt"},"content":{"rendered":"\n<p>The new Social Insurance Law No. 148\/2019 in Egypt (which came into force in January 2020) has introduced \u2013 for the first time &#8211; the concept of the Unified Social Insurance Salary (\u201c<abbr title=\"Unified Social Insurance Salary\">USIS<\/abbr>\u201d) and cancelled the traditional distinction between basic and variable social insurance salaries.<\/p>\n\n\n\n<p>The <abbr title=\"Unified Social Insurance Salary\">USIS<\/abbr> is the salary on which social insurance contributions are calculated. According to the Law, the minimum <abbr title=\"Unified Social Insurance Salary\">USIS<\/abbr> is set at EGP 1,000 and the maximum is set at EGP 7,000 per month. The Law states that these minimum and maximum shall subject to an annual increase of (15%) throughout seven years following the enforcement date of the Law.<\/p>\n\n\n\n<p>In execution of the above, the Social Insurance Authority in Egypt issued a circular last January announcing the increased minimum and maximum <abbr title=\"Unified Social Insurance Salary\">USIS<\/abbr>; to be EGP 1,200\/monthly and EGP 8,100\/monthly starting from 1st January 2021.<\/p>\n\n\n\n<p>To learn more about the new Social Insurance Law in Egypt, please read our Summary Note on <a href=\"\/en\/publications\/summary-note-egypts-new-social-insurance-law\"><strong>Egypt\u2019s New Social Insurance Law<\/strong><\/a><\/p>\n\n\n\n<p>If you have any inquiries, please contact <a href=\"https:\/\/riad-riad.com\/index.php\/attorney\/dr-eman-riad\/\" data-type=\"attorney\" data-id=\"218\"><strong>Dr. Eman Riad<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new Social Insurance Law No. 148\/2019 in Egypt (which came into force in January 2020) has introduced \u2013 for the first time &#8211; the concept of the Unified Social Insurance Salary and cancelled the traditional distinction between basic and variable social insurance salaries.<\/p>\n","protected":false},"author":1,"featured_media":2096,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[32,33],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - 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