Egypt cabinet approves raising minimum income tax threshold

CAIRO - 29 May 2017 : Egypt's cabinet approved raising the minimum income tax threshold to 7,200 Egyptian pounds ($398) a year from 6,500 pounds, Deputy Finance Minister for fiscal policies, Amr al-Munir told a news conference on Monday.

The decision has yet to be approved by parliament. ($1 = 18.0950 Egyptian pounds).