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Egypt Social Security Minimum and Maximum Limit Increases

Egypt Social Security Minimum & Maximum Limit Increases

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.

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The PaySpace Team