Ernst & Young Egypt (L.L.C.)
P.O. Box 20, Kattameya
Ring Road, Zone #10A
Tel: +202 2 726 0260
Tax Service Line Leader
Tel: +202 2 726 1121
Mobile: +201 0 507 0500
Tax Market Segment Leader
Ahmed El Sayed
Tel: +202 2 726 0101
Mobile: +201 0 444 0222
|Corporate Income Tax||22%||A|
|Capital gains tax - sales of securities||10%||22%||A B|
|Capital gains tax - sales and other assets||22.5%||A|
|Net Operating Losses (years)|
|Royalties from, for example, patents, know-how||20%||B|
|Branch Remittance Tax||5%||C|
A) The standard corporate income tax rate is 22.5%. Exceptions to the 22.5% rate exist.
B) This is the standard rate. The rate may be reduced to 5% under domestic law for dividends. It also may be reduced under a tax treaty. Exemptions may apply in certain circumstances. The tax is a final tax imposed on gross payments.
C) A branch remittance tax of 5% is payable within 60 days after the financial year-end.
D) Losses incurred in long-term projects may be carried back to offset profits from the same project for an unlimited number of years.