• Register

Egypt raises tax on rich by 5%

: Saturday, May 10 - 2014 @ 11:12

Egypt’s finance ministry has said the cabinet has officially approved an income tax increase aimed at the country’s highest earning taxpayers, Ahram has reported. The 5% tax rate increase is to be applied temporarily and, according to the latest draft, for a period of three years on individuals whose annual income exceeds EGP1m. Currently, those earning above EGP250,000 a year are taxed at a rate of 25%.

Today's Top Stories

Posted by

Saturday, May 10- 2014 @ 11:12 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs