Tax authorities
Egyptian Tax Authority
Website: www.eta.gov.eg/English
Ministry of Finance
Ministry of Finance Towers, Nasr City.
Extension of Ramsis Street,
Abbassiya, Cairo
Tel: +20 2 2342 8886; +20 2 2342 8010; +20 2 2342 8032; +20 2 2342 8830; +20 2 2342 8840
Email: finance@mof.gov.eg
Website: www.mof.gov.eg/english
Tax rates at a glance
(As of September 2012)
| Corporate income |
20%/25% (a) |
| Capital gains |
as above |
| Branch tax |
20%/25% |
| |
|
| Withholding tax |
|
| Dividends |
0% |
| Interest |
20% |
| Royalties |
20% |
| Payments for services |
0 (b) |
| Branch remittance tax |
0% |
| |
|
| Net operating losses |
|
| Carryback |
0 (c) |
| Carryforward |
5 years |
- Companies that are engaged in the exploration and production of oil and gas are taxed at a rate of 40.55%. Otherwise, a progressive rate of corporate tax is applied at 20% for income below EGP10 million and 25% for income exceeding that amount.
- The Egyptian tax code does not have any specific withholding tax rules governing technical services fees, although the tax authorities may treat such payments as royalties for withholding tax purposes (and, thus, taxable at 20%. The ultimate tax treatment will depend on the scope of services provided and will be determined on a case-by-case basis).
- The carryback of losses is not permitted, except for losses incurred by a construction company on long-term contracts.