Egypt Tax Authority Standards
The Egyptian Tax Authority has adopted a set of standards for tax assessment and collection. These standards aim to ensure fairness and transparency in the tax system.
Key Standards
- Definition of Taxable Income: The Egyptian Tax Authority defines taxable income as the total gross income earned by an individual or business, minus allowable deductions.
- Tax Rates: The tax rates in Egypt range from 5% to 22.5%, depending on the type of income and the taxpayer's status.
- Exemptions and Reliefs: The tax authority provides exemptions and reliefs to certain individuals and businesses, such as low-income earners, charities, and small-scale entrepreneurs.
quotations
"The Egyptian Tax Authority is committed to ensuring a fair and transparent tax system that promotes economic growth and development." - Egyptian Tax Authority