Egypt

The corporate income tax rate is set at 22.5%, with returns and final payments due within four months from the end of the financial year. Taxpayers have the option to use an advance payment method where they can pay 60% of the previous year’s tax or an estimate in three equal installments.

Personal income tax has a headline rate of 27.5%, with returns due by March 31. The final payment date is not specified, but payments are generally due within 15 days after each month for those receiving employment income.

Value-added tax (VAT) is levied at 14%, applicable to most goods and services. A reduced rate of 5% applies to machinery and equipment used for industrial production, while some basic goods and services are exempt. VAT is also applied to imported goods and services, with a reverse charge mechanism for non-resident providers.

Customs duties in Egypt vary based on the type of goods being imported, ranging from 0% to 60%. Rates can be higher for luxury goods like cars or alcoholic beverages, reaching up to 135%. VAT is also imposed on imported goods, calculated at 14% of the customs value.

Capital gains tax rates in Egypt differ based on the source of the gains. For corporate entities, rates can be 0%, 10%, or 22.5%. For individuals, the rates range from 0% to 27.5%, depending on the specific nature of the capital gain.