With the arrival of July 2024, the deadlines for new
funders to join the salary and payroll system in Egypt are
approaching. Due to the importance of this matter, we will review
in this article the key points of Minister of Finance Decision No.
386 of 2023, which outlines the stages of obligating funders to
join this system.
Stages of Obligating Funders to the Salary and Payroll
System
The decision divides funders into several stages and
sub-stages for joining a system that unifies the principles and
standards for calculating wage and payroll taxes. The stages of
obligation are detailed as follows:
Phase Four includes several sub-stages, which
are:
- Sub-stage One: Obligating 500
entities/companies of the top funders of the tax center to start
from October 15, 2023 (according to the attached list in the
decision).
