In Egypt, there are rules for the taxation of dividends and requirements for electronic tax payments by joint-stock companies and state-owned entities.
Dividend tax for corporate entities:
For corporate entities, the dividend tax applies at a rate of 10%, with no deductions. Also a lower dividend tax rate of 5% applies when ownership in the distributing entity exceeds 25% of the share capital or voting rights, provided the participation is held for minimum two-year period.
Electronic tax payments:
In late 2014, an amendment requires joint stock companies and corporate entities to settle their corporate tax liability by electronic means.
