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On March 3rd, 2021, President Sisi announced a new fund tax honoring martyrs, victims, missing persons, and anyone or their families injured because of war. It took effect on March 1st, 2021.
For the benefit of the fund, 0.0005% of the monthly gross salary is now deducted from:
- employees of public authorities
- public sector bodies and companies, and subsidiaries of these entities
- units of a special nature
- private funds
- employees of private legal persons for whom labor law provisions apply -except for irregular or daily paid employees.
In addition, an EGP 5 tax for the benefit of the fund will be applied to services and documents to be issued by or presented to governmental authorities, public sector companies, and companies fully or 50% owned by the state. The tax also will apply to contractual agreements, airline tickets, and bidding forms.
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