The Covid-19 outbreak in Egypt and in many areas of the Middle East and North Africa has led to a public health emergency and unforeseen challenges for businesses. It has also led to uncertainties, including from a tax/legal perspective.
No doubt you are asking yourself many questions, especially in light of the measures being issued by the Egyptian government, including the recent amendments in tax law regarding increasing personal income tax rates for individuals that was approved on May 7th, 2020. The Law aims to boost personal income tax progressiveness and reduce fiscal burdens on lower income individuals.
The Bahaa-Eldin Law Office in cooperation with BonelliErede boasts a multidisciplinary task force which includes experts in Tax, who have already analysed the most relevant issues related to the recent amendments and have prepared an overview of the key aspects to consider and some practical suggestions. Click here to view it.