{"id":600853,"date":"2019-02-12T03:42:48","date_gmt":"2019-02-12T03:42:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/house-to-consider-new-salary-related-amendments-to-income-tax-act\/"},"modified":"2019-02-12T03:42:48","modified_gmt":"2019-02-12T03:42:48","slug":"house-to-consider-new-salary-related-amendments-to-income-tax-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/house-to-consider-new-salary-related-amendments-to-income-tax-act\/","title":{"rendered":"House to consider new salary-related amendments to Income Tax Act"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <b>LEGISLATION WATCH- An MP is trying to sneak in changes to how salaries are taxed: <\/b>The House Planning and Budget Committee will discuss in the coming days new amendments to the Income Tax Act that would change the tax code and rates on salaries, <a href=\"https:\/\/www.almalnews.com\/Story\/410620\/14\/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D9%86%D8%A7%D9%82%D8%B4-%D8%B1%D9%81%D8%B9-%D8%AD%D8%AF-%D8%A7%D9%84%D8%A5%D8%B9%D9%81%D8%A7%D8%A1-%D8%A8%D8%B6%D8%B1%D9%8A%D8%A8%D8%A9-%D8%A7%D9%84%D8%AF%D8%AE%D9%84-%D8%A5%D9%84%D9%89-9-%D8%A2%D9%84%D8%A7%D9%81-%D8%AC%D9%86%D9%8A%D9%87\">Al Mal reports<\/a>. The amendments, proposed by Rep. Mervat Alexan with the stated aim of \u201creducing pressure on low-income Egyptians,\u201d include:<\/p>\n<ul>\n<li>increasing the basic salary tax exemption to EGP 9,000 per year (up from EGP 8,000) <\/li>\n<li>a 10% tax on incomes between EGP 9-30k <\/li>\n<li>a 15% tax on incomes between EGP 30-45k <\/li>\n<li>a 20% tax on incomes between EGP 45-200k <\/li>\n<li>a 22.5% tax on incomes between EGP 200-500k<\/li>\n<li>a 25% tax on incomes over EGP 500k.<\/li>\n<\/ul>\n<p><b>Background: <\/b>This comes as the government pushes through changes to the tax code relating to how <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/06\/parliament-approves-egypts-new-bank-tax-treatment\/\">banks account for income<\/a> coming from their holdings of government paper.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- An MP is trying to sneak in changes to how salaries are taxed: The House Planning and Budget Committee will discuss in the coming days new amendments to the Income Tax Act that would change the tax code and rates on salaries, Al Mal reports. The amendments, proposed by Rep. Mervat Alexan with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,274,884,180,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600853","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-house-of-representatives","tag-income-tax-act","tag-legislation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"56c1358a-c705-48a4-a9bc-85d533853699","is_powered_by":true,"section_story_id":"bfe9a0b2-15c8-4422-a72b-c64c48f86b50","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600837],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>House to consider new salary-related amendments to Income Tax Act - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/house-to-consider-new-salary-related-amendments-to-income-tax-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House to consider new salary-related amendments to Income Tax Act\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- An MP is trying to sneak in changes to how salaries are taxed: The House Planning and Budget Committee will discuss in the coming days new amendments to the Income Tax Act that would change the tax code and rates on salaries, Al Mal reports. The amendments, proposed by Rep. Mervat Alexan with [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/house-to-consider-new-salary-related-amendments-to-income-tax-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-12T03:42:48+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/house-to-consider-new-salary-related-amendments-to-income-tax-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/house-to-consider-new-salary-related-amendments-to-income-tax-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House to consider new salary-related amendments to Income Tax Act\",\"datePublished\":\"2019-02-12T03:42:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/house-to-consider-new-salary-related-amendments-to-income-tax-act\/\"},\"wordCount\":154,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"House of Representatives\",\"income tax act\",\"legislation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/house-to-consider-new-salary-related-amendments-to-income-tax-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/house-to-consider-new-salary-related-amendments-to-income-tax-act\/\",\"name\":\"House to consider new salary-related amendments to Income Tax Act - 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A new amended to the Income Tax Act is currently being drafted that would see those\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":607732,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/house-committees-sign-off-on-tax-cut-expat-car-import-scheme-2-0-adp-safaga-port-contract\/","url_meta":{"origin":600853,"position":1},"title":"House committees sign off on tax cut, expat car import scheme 2.0 + ADP Safaga port contract","author":"enterpriseam admin","date":"9 October 2023","format":false,"excerpt":"President Abdel Fattah El Sisi last month directed the government to raise the income tax exemption threshold as part of measures to ease the burden of inflation on the public","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/442.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591696,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/15\/house-discusses-lowering-income-tax-for-low-earners-draft-to-combat-tax-evasion\/","url_meta":{"origin":600853,"position":2},"title":"House discusses lowering income tax for low earners, draft to combat tax evasion","author":"enterpriseam admin","date":"15 December 2019","format":false,"excerpt":"LEGISLATION WATCH- House mulls tax breaks for low income earners: The House Planning and Budget Committee is discussing potential amendments to Article 8 of the Income Tax Act that would reduce income tax for low income earners, according to a recent draft leaked by Al Mal. The draft appears to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627984,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/20\/parliament-wants-to-raise-income-tax-for-salaries-exceeding-egp-500k-per-annum\/","url_meta":{"origin":600853,"position":3},"title":"Parliament wants to raise income tax for salaries exceeding EGP 500k per annum","author":"enterpriseam admin","date":"20 June 2018","format":false,"excerpt":"LEGISLATION WATCH- Is the wealth tax coming back in a watered-down form? 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