Corporate Tax in Egypt

Overview by
Tax Base For Resident and Foreign Companies
For additional information on consumption tax for non-resident access the PKF tax guide on Egypt.

Tax Rate

Legal Entity Income Tax 20%
Tax on the Canal de Suez operator Profits 40%
For oil and gas companies 40.55%
Tax Rate For Foreign Companies
Capital Gains Taxation
Long-term capital gains are subject to tax on the companies at the standard rate (20%). Profits from movable capital are not taxable.
Main Allowable Deductions and Tax Credit
Setting up in special economic zones entitles the company to tax benefits. They are only taxed at 1% of their profits or operations. For additional information access the PKF tax guide on Egypt.
Other Corporate Taxes
A tax on real-estate assets has been put in place in June 2008. It is up to 10% of the rental value whether the property is rented out or not. If the property is rented, the rental value is the effective value of rent collected by the owner if it is higher than 7% of the purchase value. The owner is exempted from landed property if the value of the property is less than or equal to EGP 500,000.

Country Comparison For Corporate Taxation

  Egypt Middle East & North Africa United States Germany
Number of Payments of Taxes per Year 29.0 21.6 11.0 16.0
Time Taken For Administrative Formalities (Hours) 433.0 194.1 187.0 215.0
Total Share of Taxes (% of Profit) 42.6 32.8 46.8 48.2

Source: Doing Business

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.

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