Cairo – Mubasher: The Egyptian cabinet approved a draft law imposing a new tax to help finance efforts against the coronavirus (COVID-19) outbreak.
The law stipulates that all employees will take a 1% salary cut from their monthly salaries for 12 months starting from July, according to a statement on Wednesday.
In addition, a 0.5% tax will be imposed on state pensioners during the fiscal year 2020/2021.
People earning less than EGP 2,000 a month will be exempt from this decision.
It is noteworthy that the total number of COVID-19 infections reached 14,229 after the Ministry of Health confirmed the detection of a record 745 new cases on Wednesday. The death toll reached 680, while the number of recoveries amounted to 3,994.
