The Egyptian Tax Authority (ETA) has issued guidance to clarify the determination of the individual income tax liability for 2020 in light of the introduction of new progressive individual income tax rates introduced by Law No. 26/2020 in May 2020 ({News-2020-05-13/A/7-previous coverage}).
The guidance provides that with respect to employment income, the prior progressive rates apply for income earned from 1 January to 30 June 2020, with a personal deduction (exemption) of EGP 7,000. For emp…