Tax
From The Report: Egypt 2020
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This chapter offers an overview of Egypt’s taxation system, which has undergone a number of reforms in recent years in an effort to build an investor-friendly environment. Recent changes include the introduction of stamp tax on the disposal of securities, updates to the progressive rate for personal income tax, and the proposal of a simple regime for small and medium-sized enterprises. It contains a viewpoint from Cherif Hammouda, Partner, RSM.

Articles from this Chapter

Overview

Changing landscape: A summary of current tax laws and regulations
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In the past few years several changes have been made to Egyptian law to reshape the tax system. These reforms are important in light of changes that have recently been implemented in the field of taxation on a global level, due to significant and persistent fluctuations in the world economy. Corporate Income Tax Corporate income tax (CIT) is imposed on companies that are considered to be tax residents in Egypt and applies to all profits and income realised in Egypt and abroad. In addition,…

Viewpoint

Digital transition: Mohamed Hammouda, Executive Partner, RSM Egypt, on the modernisation of the tax system
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Viewpoint:Mohamed Hammouda There are two key shifts shaping the tax and accounting environment in Egypt. The first is the Covid-19 pandemic, which is having a far-reaching impact across a range of sectors, from health care to manufacturing and retail. The need for social distancing has not only resulted in curfews and stay-at-home orders, but has also reshaped office cultures. It is also affecting the costs associated with doing business as companies adapt to these new circumstances. The second…