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
Tax Accounting and Risk Advisory Services
Tel: +202 2 726 0265 ext. 1143
|Corporate Income Tax||22.5%||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.