4. Taxation
Over the past few years, the taxation system in Egypt has been reshaped through various changes to capture the vital global fluctuations in the field of taxation. Following are the main ones:
4.1 Corporate Income Tax (CIT)
CIT is imposed on the companies that are resident in Egypt, meaning that all profits and income grasped in Egypt and abroad. It also includes companies that are non-resident in Egypt, but realise profits through a permanent establishment (PE) in Egypt.
The CIT rate is:
- 22.5% (flat rate) for corporate bodies, partnerships and PEs;
- 40.55% for oil exploration and production companies.
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