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The Egyptian tax administration has announced the details of tax accounting for those who engage in e-commerce activity through the sale or purchase of products or the activity of content creators such as YouTubers and bloggers.
The authority said in a statement that there is no tax on those whose net income reaches 15,000 pounds per year, while those whose income ranges between 15,000 and 30,000 pounds per year. , the tax reaches 2.5% and rises to 10% for those whose income varies between 30,000 pounds and 45,000 pounds.
The tax will continue to increase until it reaches 25% for those with income over 400,000 pounds.
The Egyptian tax administration had asked creators of digital media content, bloggers and Youtubers to register with the relevant value-added mission when their income reached 500,000 pounds sterling within 12 months of the exercise date. of the activity.
How to calculate income tax
In a previous interview with Al-Arabiya, the director of the examinations department of the Center of Principal Financiers of the Egyptian tax administration, Mohamed Kishk, said that there was no new tax on creators of digital media content. , bloggers and YouTubers, and no tax is imposed except by law and there are no new laws, but the interest exists. There is a law, because there are a large part of the content creators who are not engaged and some of them do not have enough conscience, while some know what they have and what they are, and therefore all categories that generate income must be subject to tax.
He added that the authority is working to activate the law and the engagement of these groups and their tax liability by going to the branch closest to the authority and opening a tax case.
And on the achievement of income below 500,000 pounds, Mohamed Kishk explained that anyone who earns income, whether from a commercial, industrial, service or professional activity, is subject to income tax. income and must open a tax file to pay what she owes after deducting her expenses.
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