Egypt: IMF completes Egypt's fifth and sixth EFF reviews and extends the arrangement

Who it affects

Egypt's macroeconomic, fiscal and structural-reform outlook.

Sources

Primary: International Monetary Fund — Egypt fifth and sixth EFF reviews ↗

Verified 2026-08-02 · methodology

Related changes in Egypt

More recent updates

In force 1 Oct 2025

In force Labour

Labour Law 14/2025 replaces Egypt's previous private-sector labour law

President Abdel Fattah El-Sisi signed Labour Law 14/2025 in May 2025, and the new framework has been in effect since October 2025. It modernises private-sector labour rules, including protections for workers and women, regulation of newer forms of work and specialised labour-court procedures. Employers and foreign workers must also continue to comply with work-permit requirements.

Who it affects: Private-sector workers, employers and foreign workers operating in Egypt.

Ministry of Labour — Laws and Legislations ↗ · State Information Service — law in effect since October 2025 ↗ · verified 2026-08-02

In force 1 Mar 2025

In force Taxation

Law 6/2025 creates a simplified tax regime for smaller businesses

Law 6/2025 introduced an elective simplified tax regime for qualifying businesses with annual turnover up to EGP20 million. Egyptian Tax Authority guidance states that proportional income-tax rates run from 0.4% to 1.5% of annual turnover, with simplified filing and specified exemptions, subject to registration and continuing compliance requirements.

Who it affects: Qualifying businesses, startups and independent activities with annual turnover not exceeding EGP20 million.

Egyptian Tax Authority — tax incentives initiative ↗ · Egyptian Tax Authority — current simplified-regime guidance ↗ · verified 2026-08-02

In force 1 Mar 2025

In force Labour

Private-sector minimum wage rises to EGP7,000 per month

The National Council for Wages raised Egypt's private-sector minimum wage to EGP7,000 per month from 1 March 2025. The former record incorrectly gave a July effective date and described the measure as a single national rule without distinguishing the private sector from the separate public-sector budget measure.

Who it affects: Private-sector employees and employers covered by the National Council for Wages decision.

State Information Service — private-sector minimum wage ↗ · verified 2026-08-02

In force 6 Mar 2024

In force Taxation

Central Bank moves to a market-determined exchange rate

On 6 March 2024 the Central Bank of Egypt said the exchange rate would be determined by market forces, with the objective of unifying the official and parallel markets. The Monetary Policy Committee also raised its overnight rates by 600 basis points. The former record's approximate percentage-devaluation claim has been removed because the official decision is defined by the exchange-rate regime and policy-rate action.

Who it affects: Residents, employers and businesses exposed to Egyptian-pound prices or foreign-currency payments.

Central Bank of Egypt — Special MPC press release, 6 March 2024 ↗ · verified 2026-08-02

In force 1 Mar 2024

In force Taxation

Annual employment-income exemption threshold rises to EGP60,000

Egypt raised the annual tax-exemption threshold for employees to EGP60,000 from EGP45,000 in 2024. Current Egyptian Tax Authority guidance explains that payroll calculations include a EGP20,000 annual personal exemption and a EGP40,000 zero-rate band. The former record incorrectly called EGP40,000 the basic non-taxable threshold and made an unsupported worldwide-income claim.

Who it affects: Employees subject to Egyptian payroll income tax.

State Information Service — 2024 social-protection package ↗ · Egyptian Tax Authority — current payroll-tax FAQ ↗ · verified 2026-08-02

In force 27 Feb 2024

In force Labour

National tourism strategy targets 30 million visitors by 2028

Egypt's national tourism strategy set a target of 30 million annual tourists by 2028 and identified expanded hotel capacity as a central constraint. This is a policy target rather than a guaranteed outcome. The former record incorrectly described it as a 2030 target and included unsupported employment projections.

Who it affects: Tourism, hospitality, transport and related investment and employment.

State Information Service — 30 million tourists by 2028 ↗ · verified 2026-08-02