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EG Tax 2023

iCalculator™ EG: Egypt Tax Calculators

Welcome to iCalculator™ EG, your comprehensive suite of free tax calculators for Egypt. iCalculator™ has provided free tax calculators for Egypt since 2019. Since those early days we have extended our resources for Egypt to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Egypt Tax Calculator and salary calculators within our Egypt tax section are based on the latest tax rates published by the Tax Administration in Egypt. In this dedicated Tax Portal for Egypt you can access:

Egypt Tax Calculator 2023/24

The Egypt Tax Calculator below is for the 2023 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Egypt. This includes calculations for

  1. Employees in Egypt to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Egypt.
Egypt Tax Calculator 2023
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Discover Egypt

Egypt, a country linking northeast Africa with the Middle East, is famed for its ancient civilization and some of the world's most iconic monuments, including the Giza pyramids, the Great Sphinx, and the ancient temples of Luxor. Geographically, Egypt is predominantly desert, encompassed by the Sahara, except for the Nile valley and delta. This strategic location has historically made Egypt a cultural and trading crossroads of the ancient world.

Bordering countries of Egypt include Libya to the west, Sudan to the south, and Israel to the northeast. The country's northeastern corner borders the Gaza Strip and the Red Sea. These neighboring regions have influenced Egypt culturally and politically throughout its history. The Suez Canal, a man-made waterway in Egypt, connects the Mediterranean Sea to the Red Sea and is a vital international shipping lane, enhancing Egypt's strategic economic significance. Learn more about these neighboring countries: Libya, Sudan, Israel.

Egypt's economy is one of the most diversified in the Middle East, with sectors such as agriculture, industry, and services contributing significantly to the economic output. Agriculture, while not the dominant sector it once was, still employs a significant portion of the population. The Nile Valley and Delta are the most important agricultural areas. Tourism is a key sector, leveraging Egypt's rich historical legacy. The country's industrial sector is growing, with manufacturing and construction among the leading industries. Additionally, Egypt is a significant oil producer, although it's not one of the largest global exporters. Recent discoveries of natural gas reserves, especially in the Mediterranean Sea, are also boosting the economy.

Culturally, Egypt is rich and diverse. It is often seen as the cradle of civilization, with its millennia-old monuments and contributions to art, architecture, and science. Modern Egyptian culture is a blend of its ancient heritage and influences from its Arab neighbors, showcasing a unique fusion that reflects in its music, literature, and cuisine. Egypt's cultural significance and historical influence are unrivaled, making it a fascinating country for both scholarly study and tourism.

Overview of Taxation in Egypt

Egypt's taxation system is a critical component of its economy, encompassing various types of taxes that affect both individuals and businesses. The country follows a progressive tax structure, where the rate of taxation increases as income levels rise. This system is designed to ensure fairness and equity in the distribution of tax burdens. In addition to income tax, Egypt imposes other types of taxes such as corporate tax, which targets the profits of companies, and value-added tax (VAT), applied to the majority of goods and services.

Property tax is another aspect of the Egyptian tax system, levied on the ownership of real estate. Customs duties are also significant, especially given Egypt's strategic geographical location and extensive trading activities. These duties are imposed on goods imported into the country, varying based on the type and value of the imported goods. The Egyptian government continually works to streamline tax administration, aiming to enhance compliance and ease of payment for taxpayers.

For businesses operating in Egypt, understanding the local tax regulations is crucial. The tax system includes provisions for tax incentives and exemptions under certain conditions, aiming to encourage investment and economic growth. These incentives are particularly notable in sectors such as energy, real estate, and tourism. The Egyptian tax authority also mandates strict compliance and reporting standards, making it essential for businesses to maintain accurate financial records.

Individuals residing in Egypt are subject to personal income tax, which is calculated based on their income level. Non-residents who earn income in Egypt are also liable for tax on their locally sourced income. The tax system provides for various deductions and allowances, enabling individuals to reduce their taxable income and thereby their tax liability. To stay informed about the latest in Egypt's tax system, including the most current tax tools and tables, visit our comprehensive tax hub and calculator, your go-to resource for all tax-related needs in Egypt.