Is the return on savings certificates subject to tax in Egypt? | Ask Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

Is the return on savings certificates subject to tax in Egypt?

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

The return on certificates and deposits for natural persons (individuals) is completely exempt from taxes.

The return on deposits belonging to legal persons (companies), however, is subject to the taxes prescribed by law.

Discussion

Join the discussion

Sign in to add your comment or reply to other readers.