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 2023, the monthly minimum salary limit increases from EGP 1 400.00 to EGP 1 700.00, and the monthly maximum limit increases from EGP 9 400.00 to EGP 10 900.00
Click here for the official notice.
Social Security Minimum and Maximum Limit Increases
Impact of the Egypt Social Security Minimum and Maximum Limit Increases
• The changes have been implemented on the system effective 1 January 2023.
• All customer payrolls have been recalculated.
• No other statutory changes have been announced.
Should you have any questions regarding the Egypt Social Security Minimum and Maximum 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