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.