Expatriate tax ebook - Egypt

What taxes?

Capital gains tax
Inheritance, estate and gift taxes
Investment income
Local taxes
Real estate taxes
Social security taxes
Stock options
Wealth taxes
Other specific taxes

Capital gains tax

Capital Gains Tax on shares:
Output deal of natural persons from their investments in securities listed on the Egyptian stock market with no losses be deducted from this deal or carried over for years to come are exempted.

Capital Gains Tax on Real Estate:
Impose a tax rate of 2.5% and without any reduction in the total revenue generated from the disposal of real estate or land-based cities. Both within the cordon focused act upon their status or after the establishment of installations, and whether that conducts a comprehensive real estate whole or in part or units thereof or otherwise. Whether The establishment of facilities on land owned by the taxpayer or to others.

Inheritance, estate & gift taxes
With the exception of conduct subject to this tax in the real estate heir  actions, which have fallen to their status of a gene on inheritance and property as well as providing in-kind share capital of joint stock companies, provided that the failure to act in shares corresponding to a period of five years. And the offices of Notary interest a month notice behavior that deserves to be taxed in accordance with the provisions of this law, within thirty days from the date of the month.

In applying the provisions of the Egyptian tax law  an act is subject to the tax act is the gift of the assets or couples or branches or a right of use of the property leased for more than fifty years, is not considered an act subject to sales tax constraint on administrative or judicial, as well as expropriation or seizure for the public benefit or for improvement, as an act is not subject to the tax act or to donate the gift of the government or local government units or public legal persons or projects of public benefit.

Investment income
The following income sources are exempted as:

• profit facilities reclamation or cultivation of land and for a period of ten years from the date of activity start. 
• profit facilities poultry production, beekeeping, livestock pens and fattening, and projects of fisheries and fish farms, projects and profits of fishing boats, and for a period of ten years from the start date of activity. 
• Output deal of natural persons from their investments in securities listed on the Egyptian stock market with no losses be deducted from this deal or carried over for years to come. 

Obtained by natural persons from: 

• A return on bonds and financing instruments of all kinds recorded in the Egyptian stock market issued by the State or corporate funds. 
• Dividends on the shares of capital stock companies and limited by shares. 
• Dividends on share capital in limited liability companies and partnerships and lots of partners who are shareholders in companies limited by shares. 
• Dividends on investment instruments issued by investment funds. 
• returns to natural persons for the deposits and savings accounts with banks registered in the Arab Republic of Egypt, and investment certificates, savings and deposit issued by those banks, and deposits and savings accounts in mail boxes, and securities and certificates of deposit issued by the central bank. 
  profits realized from the new projects established with funding from the Social Fund for Development within the limits of the proportion of this funding, for a period of five years from the date of activity or the start of production depending on the circumstances, this exemption shall not apply only to profits from the Fund entered into a loan in his name.
  

Local taxes
n/a

Real estate tax
See "Capital gains tax"

Social security taxes
n/a

Stock options
The following returns Obtained by natural persons from the following items are exempted as follows: 

• A return on bonds and financing instruments of all kinds recorded in the Egyptian stock market issued by the State or corporate funds. 
• Dividends on the shares of capital stock companies and limited by shares. 
• Dividends on share capital in limited liability companies and partnerships and lots of partners who are shareholders in companies limited by shares. 
• Dividends on investment instruments issued by investment funds.
• returns to natural persons for the deposits and savings accounts with banks registered in the Arab Republic of Egypt, and investment certificates, savings and deposit issued by those banks, and deposits and savings accounts in mail boxes, and securities and certificates of deposit issued by the central bank.
  

Wealth tax
n/a

Other specific taxes
No other specific taxes are applied on natural persons except the above we mentioned to.

Information about Egypt:

• introduction
• facts and figures
• basis of taxation
• what taxes?
• tax planning opportunities