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Egypt

Last updated on March 20th, 2024

Country Overview

Capital

Cairo

Currency

EGP

Payroll cycle

Monthly

Employer taxes

19.75%

Minimum wage

3,500 EGP for the private sector

Working hours

8 hours per day

Latest HR Statutory Updates

FEBRUARY 2024

  • New adjustments in the Income Tax brackets and personal exemption for 2024.

DECEMBER 2023

  • Social Insurance Changes Effective January 2024

NOVEMBER 2023

  • Revised Income Tax Rate for 2023

  • New minimum wage for private sector employees

JULY 2023

  • The Hijri New Year and Revolution Day paid holidays.

JUNE 2023

  • New tax threshold and income tax exemption introduced.

JANUARY 2023

  • Change in social insurance salary capping.

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