ناصر
11-21-2021, 03:00 PM
Taxation (https://mnasserlaw.com/taxation/) is the means by which a government or the taxing authority imposes or levies a tax on its citizens and business entities. From income tax to goods and services tax (GST), taxation applies to all levels.
Whether you are a newly founded business or an already established corporation, taxation in Egypt is one of the most important matters that you need a professional legal team to handle. Our qualified team will inform you if you qualify for certain tax exemptions if a new tax is imposed on your field of business if there is a local tax, property tax, taxes on goods and services, or any other taxes that directly affect your business.
We provide consistent assistance in the various aspects of tax matters, including opening Sales Tax, VAT and General Tax files, real estate investments, and other transactions, as well as handling tax claims through all levels of disputes on all tax-related matters before courts. We provide professional and efficient advice that is tailored to your specific business needs as we have provided taxation in Egypt services to a number of large corporations.
Individual income tax rates in Egypt are progressive, up to 22.5%. Income tax is imposed on the worldwide income of Egyptian residents. Non-residents are subject to tax on income earned or realized in Egypt.
The corporate income tax (CIT) rate in Egypt is 22.5% on the net taxable profits of a company. The above rate applies to all types of business activities except for oil exploration companies, whose profits are taxed at 40.55%.
The taxable period is the calendar year starting 1 January and closing on 31 December or any period of 12 months taken as a basis for income tax calculation.
Whether you are a newly founded business or an already established corporation, taxation in Egypt is one of the most important matters that you need a professional legal team to handle. Our qualified team will inform you if you qualify for certain tax exemptions if a new tax is imposed on your field of business if there is a local tax, property tax, taxes on goods and services, or any other taxes that directly affect your business.
We provide consistent assistance in the various aspects of tax matters, including opening Sales Tax, VAT and General Tax files, real estate investments, and other transactions, as well as handling tax claims through all levels of disputes on all tax-related matters before courts. We provide professional and efficient advice that is tailored to your specific business needs as we have provided taxation in Egypt services to a number of large corporations.
Individual income tax rates in Egypt are progressive, up to 22.5%. Income tax is imposed on the worldwide income of Egyptian residents. Non-residents are subject to tax on income earned or realized in Egypt.
The corporate income tax (CIT) rate in Egypt is 22.5% on the net taxable profits of a company. The above rate applies to all types of business activities except for oil exploration companies, whose profits are taxed at 40.55%.
The taxable period is the calendar year starting 1 January and closing on 31 December or any period of 12 months taken as a basis for income tax calculation.