Is tax deducted from the return on individuals' savings accounts in Egypt? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is tax deducted from the return on individuals' savings accounts in Egypt?

Asked by Banky team 2 months ago 2 views
Banky team Reviewed editorial answer

No. The returns that natural persons earn from savings accounts (and savings certificates) at Egyptian banks are currently exempt from tax under the law.

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