Egypt to take 1% from public salaries due to coronavirus

Egypt to take 1% from public salaries due to coronavirus
Representative image Image Credit: Image Credit : Wikipedia
  • Country:
  • Egypt Arab Rep

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.

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