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Tax and legal alerts as they are issued, English translations of new Egyptian decrees, and longer guides — written and signed by the partners who do the work.
Law 91 of 2005
How is inventory valued in Egyptian accounts? At the lower of cost and net realisable value under EAS 2, and for tax, net profit is built on the EAS-based income statement.
How much is the personal exemption, and where does the 27.5% band start? Why do higher earners lose every lower band? Articles 8 and 13 as amended in 2024, with a worked example.
Paying interest, royalties or fees to a non-resident? Withhold 20% and remit it the next working day. Article 56 sets the exemptions, treaty refunds and cost of not withholding.
How is an ageing report read and collection run? Egyptian Accounting Standard 47 requires lifetime expected credit losses on trade receivables and allows a provision matrix.
How much must an Egyptian joint-stock company set aside as a legal reserve, and when may it stop? What share goes to employees? The rules, and their accounting and tax treatment.
Is every real cost a business bears deductible? The law requires a link to the activity and an electronic invoice, and rules out specific items outright, however well documented.
What has to close in the books every month? Cash, receivables, payables, stock and fixed assets, payroll and VAT — and the returns each one ultimately feeds.