ArabFinance: The Ministry of Finance said the personal income tax will be ascending according to a “fair” scale to offer tax surplus for the low-income and above medium brackets, according to a March 22nd statement.

In the current scale, for example, an individual’s income tax will multiply if he’s income exceeds the EGP 30,000 bracket with EGP 1. The new law will address these concerns.

In addition, it will achieve further tax justice to the low-income brackets; for example, those who earn up to EGP 22,000 will not pay any taxes on their salaries.

No further details on the methodology were announced.

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