Withholding Tax

The income tax law has retained the withholding payments on account of the taxpayer. Moreover it introduced a new pre-Tax payment system.

The obliged parties to apply the withholding payments mechanism include government ministries and departments, public sector companies, free zone companies, syndicates, all kinds of non-governmental organizations.

Withholding payments will be applied to any payments such as commissions, brokerage, purchases, supplies, contracting or services paid to private sector entities. Also the tax is applied to the amounts paid by individuals, companies or any legal entities resident in Egypt to nonresidents. These amounts include interests, royalties (except those related to manufacturing), and services, payments for athletic activity and for artists.

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