|Legal Entity Income Tax||Income below EGP 10 million: 20%
Income exceeding EGP 10 million: 25%
|Tax on the Canal de Suez operator Profits||40%|
|For oil and gas companies||40.55%|
|Egypt||Middle East & North Africa||الولايات المتحدة||Germany|
|Number of Payments of Taxes per Year||29.0||19.0||11.0||9.0|
|Time Taken For Administrative Formalities (Hours)||392.0||184.0||175.0||207.0|
|Total Share of Taxes (% of Profit)||32.3||32.3||46.7||46.8|
Source: Doing Business - Last Available Data.
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.
|Individual income tax||Progressive rate from 0% to 25%|
|Up to EGP 5,000||0%|
|From EGP 5,001 to 20,000||10%|
|From EGP 20,001 to 40,000||15%|
|From EGP 40,001 to 10,000,000||20%|
|More than EGP 10,000,000||25%|
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Last Updates: December 2013