According to Velocity Global's employment agreement template, when is the salary due in Egypt?

In Egypt, according to the employment agreement template, salary is due on the last day of each month.

What date does the law specify salary must be paid in Egypt?

By law in Egypt, employers must pay salaries by the 5th of the following month at the latest. However, it is a common practice for employers to pay employees from the 25th until the end of the current month.

How is salary calculated and what components does it consist of in Egypt?

In Egypt, salary is calculated on a base of 30 days per month. The components that make up the salary include:

• All salary structure elements
• Any monthly transactions

These components are considered part of salary income and are applicable to taxes.

Is there a legal obligation to pay salaries in the same month in Egypt?

As per Egyptian law, there is a legal obligation to pay salaries no later than the 5th of the following month.

How many salary payments are made per year in Egypt?

In Egypt, employees receive 12 salary payments per year.

Is salary payment monthly and is payment standard at the end of the month in Egypt?

In Egypt, salaries are paid on a monthly basis at the end of each month.

Should the employment agreement specify salary in monthly or annual amounts in Egypt?

Our employment agreement templates for Egypt provide salary in a monthly amount.

What tax and social security obligations do employees have in Egypt?

In Egypt, personal income tax rates vary based on the individual's income, ranging from 0% to 22.5%.

What is the minimum wage information in Egypt?

Effective March 1, 2025, Egypt raises the minimum wage for the private sector to EGP 7,000, up from EGP 6,000. Additionally, the National Wages Council introduces a minimum EGP 250 periodic bonus. For part-time workers, the council sets the first-ever minimum hourly wage at EGP 28 net.