The Social Insurance and Pension Law no.148 of 2019 mandates a 15% increase on the minimum and maximum salary limits on which the social security contributions are calculated. This increase is effective 1 January every year for a period of seven years from, 1 January 2021.
Therefore, effective 1 January 2024 –
- the monthly minimum salary limit increases from EGP 1 700 to EGP 2 000, and
- the monthly maximum limit increases from EGP 10 900 to EGP 12 600.
Click here for the Official Gazette in Arabic.
Impact of the Egypt Social Security Minimum and Maximum Salary Limit Increases on PaySpace
• The new limits will be effective from 1 January 2024.
• All open runs have been recalculated.
Should you have any questions regarding the Egypt Social Security Minimum and Maximum Salary Limit Increases, please feel free to visit our Support page for more ways to get in touch, or email us at [email protected]
The PaySpace Team