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In the Egyptian companies we calculate the tax shield according to the Egyptian taxation law

which states that, after subtracting the paid stamps and insurance from the gross salary, there are 7000 exempted from the employee      gross salary

and also the first 5000 from the employee tax base then we check the following:

  • If the tax base is greater than 5000 and less than 30000 then the tax shield will be 10%
  • If the tax base is greater than 30000 and less than 45000 then the tax shield will be 15%
  • If the tax base is greater than 45000 and less than 250000  then the tax shield will be 20%
  • If the tax base is greater than 250000  then the tax shield will be 25%

According to the last update in the Egyptian taxation law May 2013.

Regards,

Darweesh

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