Egypt Payroll Outsourcing Alert
Egypt – Additional Personal Income Tax Introduced.
On 4 March 2020, the government of Egypt announced the Law No. 4 of 2021, amending provisions of the Law No. 16 of 2018, establishing a fund honoring the martyrs, victims, missing and the injured of war and security operations and terror attacks and their families.
According to the new law, an additional personal income tax of 0.05% will be applied to the salaries of private and public sector employees, excluding daily paid or temporary employees. However, the government is still in the process of finalizing the exact instructions related to the calculation and remittance of the additional tax.
Mercans’ Egypt Payroll Outsourcing Solutions
While Mercans’ Egypt Payroll Outsourcing alerts will allow you to stay on top the latest development in Egypt’s payroll regulations, you should still get in touch with Mercans’ Egypt payroll outsourcing, compliance, PEO/GEO and BPO specialists for a free consultation on setting up fully compliant payroll and HR functions. Better yet, outsource your payroll and HR activities in Egypt to Mercans and our Egypt payroll outsourcing experts will ensure that your employees will always be paid on time and in accordance with the Egypt regulations.
Download PDFMercans Statutory Alert Egypt - Additional Tax