Page 22 - Nexia SAB&T Africa Overview 2025

Egypt (GMT +2)

General:
▪ Capital City: Cairo
▪ Official Language: Arabic
▪ Currency: Egyptian Pound (EGP)
▪ Main Exports: Oil, petroleum, minerals, chemicals, agricultural products
▪ Surface Area: 1 001.5 sq. km (thousands)
▪ Population: 118,3 million (2025,est)
Key Economic Indicators:
▪ GDP: $347,34 billion (2025) [second highest GDP in Africa] / GDP Growth
Rate: 3% (2024)
▪ CPI Inflation Rate (annual): 19.7% (2025)
▪ Sovereign Credit Ratings: Moody’s: Caa1, S&P: B-,
Fitch: B- (High to Very High Credit Risk)
▪ Indicator of Economic Freedom Score: 50.9/100 (2025): Mostly Unfree
Exchange Controls:
▪ N/A

Basis of Taxation: (Tax Year End: 31 December)
▪ Residents: Worldwide income
▪ Non-residents: Egyptian-source income

Tax Rates:
▪ Individuals: Progressive rates to 27,5%
▪ Companies: 22.5%
▪ Inheritance and Donations Taxes: N/A
▪ VAT: 14%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Generally taxed as ordinary income
▪ Double Taxation Agreements: In place with several countries

Useful links:
▪ Central Bank of Egypt http://www.cbe.org.eg
▪ Ministry of Finance http://www.mof.gov.eg
▪ GAFI http://www.gafi.gov.eg
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