Is the return on bank deposits subject to tax? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is the return on bank deposits subject to tax?

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

The return on deposits for natural persons (individuals) is exempt from tax.

For legal persons (companies and institutions), the return on deposits is subject to the tax on commercial and industrial profits under Egyptian tax law.

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