Discussed: Which persons subject to Egypt’s Illicit Gain Law

CAIRO – 2 July 2022: Article 1 of Law No. 62 of 1975 promulgating the Illicit Gain Law according to the latest amendment issued on August 20, 2015, defines the persons subject to this law.

More categories could be added to the following ones per presidential decision, or based on proposal of the Minister of Justice, in case the nature of the work these categories do requires so.

The following categories are subject to the regulations of this law:

-       Those in charge of the public authority, and all employees of the administrative apparatus in the state, except for the third-level categories.

-       The president and members of the People’s Assembly; heads and members of local people’s councils, and others who have a public representative capacity, whether they are elected or appointed.

-       Chairmen and members of boards of directors, and all other employees of public bodies, public institutions and their affiliated economic units, except for the third-level occupants.

-       Chairmen and members of boards of directors, and all employees of companies in which the government, public bodies, public institutions, or economic units affiliated to them contribute a share in their capital, with the exception of foreigners and employees whose wages do not exceed what is equivalent to the end of the third-level financial assessment.

-       Heads and members of the boards of directors of professional unions, trade unions, public trade unions, and private associations of public interest.

-       Chairmen and members of boards of directors and other employees of cooperative societies, except for employees whose wages do not exceed what is equivalent to the end of the financial link for the third level.

-       Mayors and sheikhs.

-       Collection officers and their representatives, deposit custodians, purchase and sales representatives, and members of purchase and sale committees in the entities referred to in the previous clauses.

-       Taxpayers who are subject to the tax card system established by Law No. 82 of 1973, in case the total of the taxpayer’s transactions with the entities indicated in the aforementioned law exceeds fifty thousand pounds.