Egypt, Serbia sign FTA

19 July, 2024

Egyptian President Abdel-Fattah al-Sisi and Serbian President Aleksandar Vucic oversaw the signing of several key cooperation agreements on Saturday in Cairo, aimed at enhancing bilateral relations across multiple sectors. According to a statement

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Egypt approves tax treaty with Oman

12 July, 2024

The Egyptian Cabinet approved the ratification of the income tax treaty with Oman on 9 July 2024. Signed on 22 May 2023, the treaty specifies that dividends, royalties, and fees for technical services are liable to a maximum withholding tax rate

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Egypt reportedly finalising tax 2024-30 policy strategy, drafts new corporate tax law

14 June, 2024

The Egyptian Ministry of Finance’s tax policy strategy for 2024-30 is said to be in its final stages of completion, which possibly includes a draft of a new corporate tax law. It is rumoured that it will introduce a 15% minimum tax for

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Croatia and Egypt tax treaty goes into effect

24 May, 2024

According to an update from Croatia's Ministry of Foreign and European Affairs, the income and capital tax treaty with Egypt came into force on 16 April, 2024, and will from 1 January, 2025. The treaty covers individual income tax, corporate

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Egypt raises materiality threshold for master file and local file for 2024

27 February, 2024

On 15 February 2024, Egypt published the Ministerial Decree No. 52 of 2024 in the Official Gazette, providing updated transfer pricing documentation requirements for Egyptian taxpayers. This decree came into effect on 22 February 2024. In this

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Egypt preparing draft for new income tax law

13 February, 2024

Egypt’s Minister of Finance for Tax Policy and Reforms has announced plans to draft a new iteration of the Income Tax Law. The details of the new law has been fully published, but the main proposals of the new law include: A focus on

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Egypt: Taxpayers must register their branches for VAT 

30 December, 2023

On 27 December, the Egyptian Tax Authority announced in a release that all taxpayers who are required to register for VAT must also ensure that all of their branches are registered for VAT. Additionally, VAT registration certificates must be

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Egypt releases explanatory instructions on transfer pricing reporting obligations

25 October, 2023

On 19 September 2023, the Egyptian Tax Authority issued Explanatory Instruction No. 78 introducing mandatory transfer pricing reporting obligations for related party transactions. Accordingly, the Tax Authority has set deadlines for submitting

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Egypt releases amendment to some provisions of the investment law

09 August, 2023

On 25 July 2023, Egypt published Law No 160 of 2023 in the official gazette amending the Investment Law No. 72 of 2017. These amendments primarily focused on enhancing incentives for foreign investors, encouraging investment distribution across the

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Egypt publishes income tax amendment law

26 July, 2023

On 15 June 2023, the Egyptian Tax Authority published Law No. 30 of 2023 in the Official Gazette amending some provisions of the Income Tax Law No. 91 of 2005. The Law entered into force on 16 June 2023. The key amendments to the Income Tax Law are

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Egypt reintroduces the tax dispute resolution

05 August, 2022

On 28 July 2022, the Egyptian government published Law No. 153 of 2022 in the Official Gazette. The Law has amended the previous Law 79 of 2016 and extended the provision of tax dispute settlement until 31 December 2022. The tax dispute

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OECD: New Transfer Pricing Country Profiles Published

09 June, 2022

On 9 June 2022 the OECD released new transfer pricing country profiles for Egypt, Liberia, Saudi Arabia and Sri Lanka. The OECD transfer pricing profiles cover the OECD member countries and a number of member countries of the Inclusive

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Egypt explains rules and instructions for the tax treatment of capital gains

15 September, 2021

On 6 September 2021, the Egyptian Ministry of Finance has issued Decree No. 428 of 2021 clarifying rules and instructions for the tax treatment of capital gains resulting from the disposal of securities, shares, and treasury bills, as well as the

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Egypt: MOF publishes form and guidelines on the tax treatment of capital gains

26 December, 2020

On 16 December 2020, the Egyptian Ministry of Finance (MOF) published a decree (No. 610 of 2020) setting out the tax treatment of capital gains from the sale or disposal of unlisted shares by non-residents. The decree also published the

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Egypt makes some changes to the Unified Tax Procedure Law

23 December, 2020

On 3 December 2020, Egypt has published Law No. 211 in the official gazette. The Law makes some important changes to the recently published Unified Tax Procedure Law (Law no. 206 of 2020). The new Law mainly changes transfer pricing non-compliance

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Egypt: President approves unified tax procedures law

31 October, 2020

On 19 October 2020, Egyptian President Abdel Fattah El Sisi has approved a unified tax procedures law (Law no. 206 of 2020). The Law was published in the Official Gazette. The law will be applied to tax on income, added value tax, stamp duty, fees

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Egypt deposits ratification instrument for MLI

31 October, 2020

On 30 September 2020, Egypt deposited its ratification instrument for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The MLI will enter into force for Egypt on 1 January

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Egypt issues Law on taxation of capital gains and dividends distribution

13 October, 2020

On 30 September 2020, the Egyptian Government has published Law No. 199 in the official gazette. The Law contains amendments to the income tax law around capital gains and dividends distribution and certain articles of the stamp tax law with effect

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