Taxation of international executives
Are there social security/social insurance taxes in Egypt? If so, what are the rates for employers and employees?
|Type of insurance||Paid by employer||Paid by employee||Total|
|Social security on fixed elements base salary||26%||14%||40%|
|Social security on variable elements allowances||24%||11%||35%|
Social security contributions are levied on full-time employees who are Egyptian nationals.
* Monthly employee contributions are 14 percent on the first EGP 1,240 and 11 percent on the next EGP 2430 of variable salary allowances. Monthly base and variable salary in excess of EGP 3,670 are not subject to social security. Social security contributions are deductible when determining the employee’s salary tax liability.
Are there any gift, wealth, estate, and/or inheritance taxes in Egypt?
VAT Law has been implemented on September 2016.
Are there real estate taxes in Egypt?
Are there sales and/or value-added taxes in Egypt?
Yes. The government is moving towards the application of the VAT system. However, it will be discussed soon in the parliament.
Are there unemployment taxes in Egypt?
Are there additional taxes in Egypt that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.
Under the real estate tax.
Yes (salary tax or individual income tax).
© 2017 KPMG Hazem Hassan Public Accountants & Consultants, an Egyptian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.