Effective January 2021, companies in Egypt must upload the details of employee salaries to the tax authority website on both a monthly and quarterly basis. This is a mandatory requirement.
Monthly requirement
There are two reports required monthly:
- One for socially insured employees
- The second for non-socially insured at the company, i.e., socially insured elsewhere who have 10% taxes deducted from their gross salaries at the second employer.
What information is required on the payroll tax information sheets?
- Employee ID#
- Full name
- Title
- Hiring date
- Salary structure as per payroll report, etc.
Once the reports are completed, they must be uploaded to the tax authority website for each employee within 30 days of the following month.
Quarterly requirement
Form 4 must be uploaded each quarter.
It must include both socially insured employees and non-socially insured employees.
This is due quarterly, starting the first quarter of 2021.
A full-year annual tax reconciliation for 2020 needs to be uploaded in 2 separate reports.
- One from January to June 2020
One from July to December 2020 to reflect the new tax brackets effective from July 1st, 2020
Below is a table illustrating the new tax brackets:
The deadline to submit is January 31st, 2021.
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