GROW YOUR BUSINESS IN EGYPT

Have an enterprise level payroll department and a HRMS with Employee Self-Service at a per employee cost

Praxima Services Includes

  • Full Payroll Outsourcing
     

  • Hybrid Payroll Outsource
     

  • International Payment Management
     

  • Local Filing
     

  • Social Security Filing
     

  • Interact with Local Authorities
     

  • Human Resources Management System
     

  • Integration with all Accounting and Third Party

    Software

Get in Touch

Why Praxima?

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Local Tax Compliance

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Secure Data Transferring

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Responsive Administrators

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Increase Productivity

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Industry Experts

Running Your Payroll

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Focus on Your

Core Business

Egyptian Payroll Processed to International Standards

Payroll Processing in Egypt

Income taxes are withheld by the employer and remitted to the tax authority within the first 15 days of the following month.  Employers also withhold social security contributions which are then remitted to the Social Insurance Organisation.   

TAX RATES  |  2022

 

Tax Rates:             Egyptian Pound (EGP):

​0%:                          0 - 15,000

2.5%:                       15,000 - 30,000

10%:                        30,000 - 45,000

15%:                        45,000 - 60,000

20%:                        60,000 - 200,000

22.5%:                     200,000 - 400,000

25%:                        400,00 +

TAXABLE INCOME  |  2022

Taxable income includes that derived from employment, commercial and non-commercial activities and capital gains on the sale of unlisted shares.  

 

The aforementioned brackets also apply to non-residents on income received from the Egyptian treasury or on work performed in Egypt. Please keep in mind that both residents and non-residents are eligible for an EGP 9,000 annual salary tax exemption.

Tax Residents

Resident employees are taxed on both income earned within Egypt and on their worldwide income.  Non-residents are only taxed on their income earned within Egypt.  An individual is deemed to be a resident in Egypt if he/she is:  

  1. Present in the country for more than 183 days in a fiscal year

  2. Has a permanent home in Egypt

  3. Is an Egyptian national deriving an income from an Egyptian source while residing abroad. 

Statutory Filing |  

Income taxes must be remitted to the applicable tax office within 15 days of the month following the last remuneration.

 

Individuals are required to submit a declaration of income by 31 March after year end and pay any taxes based on the declaration.  It is the employer's responsibility to withhold and pay salary taxes to the relevant tax authority monthly.  

 

Should an employee be on a temporary residence permit of does not have citizenship, he/she will be required to file a tax return on the 1st of January, alternatively a quarterly tax return filed by the employer. 

Social Security |  2022

The Social Security System includes the following:
 

  • Old age, disability and death insurance

  • Sickness Insurance

  • Social Care for Pensioners

  • Occupational Accidents Insurance

  • Unemployment Insurance 

Employee: 10% of monthly covered earnings + 3% of monthly base earnings for lump-sum benefits
Employer: 15% of monthly covered payroll + 2% of monthly base payroll for lump-sum benefits Employers who provide certain types of arduous and dangerous work contribute more.

Your HRMS is Standard 

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Employee Self-service

Payslip and tax certificate retrieval. Updating of personal particulars. Leave request and balance enquiries

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Records

Employee documents folder. Training records. Heath & Safety records. Disiplinary records. Qualifications, resume and hiring records.

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Work Flow

Workflow with different approval levels. Full work flow functionality for leave requests, expense and time-sheets

PAYMENTS, REPORTING & FILING

  • Direct payment into employee bank accounts. Emailed password protected pay slips.

  • Payment of taxes, benefit providers and other creditors.

  • Filing of returns to the authorities.

  • Generation and filing of statutory reports.

  • General ledger and 100's of customisable reports.

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