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MAY 2020 – EGYPT TAX CHANGES EFFECTIVE 1 JULY 2020 It is important that employers note the following: Changes to Income Tax Rates and Personal Reliefs On 7 May 2020 the Egyptian Government issued Law no. 26 of 2020, amending certain provisions of the Income Tax Law No. 91 of 2005 as follows: Article (8)...

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Revision of the Tax Rates An additional Personal Income Tax band of 35% for monthly income in excess of GHS10,000 was introduced during the Mid-year Budget Statement and came into effect 01 August 2018. Following feedback from the public after the implementation of the new tax band, Government concluded that some relief from this tax measure...

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