MONEY
L.E.
Currency = Egyptian pound (EGP)
Exchange rate with GBP: 1 GBP = 23.2 EGP
Due to the fact that only 10% of Egyptian people have bank accounts, Egypt remains a cash based economy
- Corporate tax = flat rate of 22.5%
- No capital gains tax
- Income tax = capped at 22.5%
- VAT = 14%
MONEY
GBP
Currency = British Pound (GBP)
Exchange rate with EGP: 1 GBP = 23.2 EGP
Over 95% of adults in the UK have at least one bank account. Around 9,000 bank branches and nearly 70,000 cash machines are available in the UK
- Corporate tax = flat rate of 20%
- Capital Gains Tax = between 10% and 20%
- Income tax = between 10% and 45%
- VAT = 20%
