May 20, 2020 / 2:23 PM / 9 days ago

Egypt to take 1% from public salaries due to coronavirus

CAIRO, May 20 (Reuters) - 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.

Reporting by Moamen Said Atallah Writing by Aidan Lewis; editing by John Stonestreet

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below