Egypt to take 1% from public salaries due to coronavirus

CAIRO- Egypt will deduct 1% from public salaries for 12 months beginning on July 1 to offset with the economic repercussions of the coronavirus, the cabinet said on Wednesday.

The tax will be imposed across all sectors of the economy, and 0.5% will also be deducted from state pensions, the cabinet said in a statement.

Source: https://www.zawya.com/mena/en/economy/story/Egypt_to_take_1_from_public_salaries_due_to_coronavirus-TR20200520nC6N2AK01SX2/

 

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