H
ASSOUNA & ABOU ALI 

Attorneys At Law
Cairo, Egypt

   
Home
  Firm Profile
Lawyers
Practice Areas
  Clients
  Legal Bulletin
  Contact Info
  Feedback
 


Legal Bulletin

New Wage Level For Calculation of Social Insurance

6/10/2010

On June 6, 2010, the Minister of Finance issued Decree No. 364 of 2010 amending certain provisions of Ministerial Decree No. 554 of 2007 regarding the basic and variable salaries according to which social insurance contributions are calculated. As of July 1st, 2010, the maximum variable annual wages are set at EGP 10,800. Accordingly, social insurance contributions shall be calculated on the basis of the following monthly salaries: (1) Basic Salary: minimum of EGP 119.00 and maximum of EGP 850.00; and (2) Variable Salary: no minimum and a maximum of EGP 900.00 Therefore, the maximum salary on which social insurance contributions are calculated is EGP 1,750.00. For further information, please contact us.

Up 

Home ] Firm Profile ] Lawyers ] Practice Areas ] Clients ] Legal Bulletin ] Contact Info ] Feedback ] PROFESSIONAL AND TRADE ORGANIZATIONS ]
Last modified: August 31, 2009      Copyright Hassouna & Abou Ali       Disclaimer