The 2005 law established specific rules for how "taxable income" is calculated, moving away from subjective estimates to documented accounting:
The law originally restructured tax rates into tiers, often capped at 20% for many corporate and individual entities at the time of its inception.
Companies must submit their self-assessment tax returns within four months of the end of their financial year. The 2005 law established specific rules for how
Income Tax Law (promulgated by Law No. 91 of 2005), Egypt - WIPO
Offers a digitized version of Income Tax Law No. 91 , specifically focusing on sections related to determining the tax base. Key Accounting Bases in Law 91 of 2005 91 of 2005), Egypt - WIPO Offers a
Provides a professional English Translation of Law No. 91 of 2005 which includes the primary structural rules for accounting bases.
To be deductible, expenses must be real, documented (with some exceptions for customary costs), and essential to the business activity. 91 of 2005 which includes the primary structural
Taxable profit is based on gross profit minus all "necessary" costs and expenses.