News Share

The Tax Hub

Daily Tax Newsletter


21 July 2020

Responsive image

Egypt Clarifies Determination of Individual Income Tax for 2020

The Egyptian Tax Authority (ETA) has issued guidance to clarify the determination of the individual income tax liability for 2020 in light of the introduction of new progressive individual income tax rates introduced by Law No. 26/2020 in May 2020 (previous coverage).

The guidance provides that with respect to employment income, the prior progressive rates apply for income earned from 1 January to 30 June 2020, with a personal deduction (exemption) of EGP 7,000. For employment income earned from 1 July to 31 December 2020, the new progressive rates apply, with a personal deduction of EGP 9,000. It is also provided that the prior discount tax credit mechanism for individual income tax only applies for income earned from 1 January to 30 June 2020.

To calculate the income tax due for 2020 employment income, the income for each 6-month period is converted into annual income, and the tax is calculated according to the respective progressive rates and personal deduction. The resulting amounts are then apportioned (50%) for each 6-month period and aggregated to determine the 2020 tax liability.

With respect to other non-employment income, including income from commercial, industrial, and professional activities, and income derived from real estate, it is confirmed that the new progressive rates apply for tax years ending after the date Law No. 26/2020 entered into force, which is 8 May 2020.

Powerful Tax Tools


FX Rates

Global FX Rates including Tax Year Average FX Rates and Spot Rates for all Reporting Currencies.


Corporate Tax Rates

Corporate tax rates, surtaxes, and effective tax rates for the current year, as well as historical rates and approved future rates.


Country Analysis

Detailed tax guidance for companies doing business in over 100 countries, including summaries and snapshots of key tax facts and issues.


Cross Border Tax Calculator

Calculate total tax costs and benefits of a cross border transaction including withholding tax, participation exemption and foreign tax credit rules.


Cross Border Tax Rates

Provides Domestic, treaty and EU cross border tax rates for over 5,000 country combinations for 9 different payment streams.



Complete overview of the OECD BEPS Project, including daily BEPS news, country adoption of BEPS measures, and an overview of the 15 BEPS Actions.


Tax Calendar

Customizable calendar tool that tracks corporate income tax, value added tax and transfer pricing obligations by country or entity.


Tax Forms

English translations of key tax forms for over 80 countries, including tax return forms, treaty benefit forms, withholding tax forms, and more.


Worldwide Tax Treaties

Repository including thousands of tax treaties (in English), OECD, UN and US Models, relevant EU Directives, Technical Explanations, and more.


Worldwide Tax Planner

Calculates the worldwide tax cost of what-if scenarios based on legal entity structure, taxable income, and cross border transactions.


Certified Rates Report

Customizable Certified Rates Report providing updated corporate and withholding tax rates at the end of each month for over 100 countries.


Withholding Tax Minimizer

Enables quick calculation of tax costs and benefits of cross border transactions considering all possible transaction combinations and optimal routes.


VAT Rates

Provides value added tax (VAT) rates, goods and services tax (GST) rates and other indirect tax rates for over 100 countries.


NOL Calculator

Country specific calculator to determine how net operating losses can be utilized in carryback and carryforward years.


Transfer Pricing Calculator

Calculates TP ratios under various TP methods and calculates the difference between target ratios and actual ratios.


Individual Income Tax Rates

Individual tax rates for over 100 countries.

Play of the Day

Compare Forms

English translations of key tax forms for over 80 countries, including tax return forms, treaty benefit forms, withholding tax forms, and more.

We’re here to help

We’re here to answer any questions you have about the Orbitax products and services.

Send us a message

Who’s behind Orbitax?

We’re committed to providing high value, low cost tax research and management solutions.

Learn More