Rigorous audit. Advice you can build decisions on.
Since 2005, the Specialized Consulting Office has provided audit, accounting, tax, company formation, feasibility and project-finance services to companies, investors and non-profit organisations.
The Specialized Consulting Office (SCO) was founded in 2005 by a distinguished team of accounting, audit and tax professionals, and quickly grew into a full-service firm. Today our work spans financial and management consulting, human resources, legal services and advice, and the formation of companies, private universities, schools and non-profit organisations (NGOs and foundations). We also lead financial and organisational restructuring, prepare corporate strategic plans and project-financing plans, and act in judicial receiverships and company liquidations.
Integrated services for every stage of your organisation's growth
We help organisations work smarter and grow faster: building effective organisations, reducing costs, managing risk and regulation, and making the most of their talent.
Integrated services for every stage of your organisation's growth
We help organisations work smarter and grow faster: building effective organisations, reducing costs, managing risk and regulation, and making the most of their talent.
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External Audit
Audits of financial statements under Egyptian and International Standards on Auditing, giving reasonable assurance that they are free from material misstatement.
Q01Who must file the quarterly return required by Article 15(1) of Income Tax Law No. 91 of 2005?
Employers and payers of taxable income, including companies and projects operating under the free-zone regime, must file a quarterly return with the competent tax office in January, April, July and October each year, on the prescribed form, as set out in the Executive Regulations.
Q02When is a taxpayer (employee or worker) exempt from filing an annual tax return?
A taxpayer is exempt from filing in two cases:
Where their income consists only of salaries and similar payments, whatever the amount.
Where their income consists only of salaries and similar payments plus income from real estate, and their net annual income from these does not exceed EGP 5,000 (the exempt bracket under Article 7 of the Law).
Q03When must a taxpayer (employee or worker) file an annual tax return?
A taxpayer must file an annual return in two cases:
Where, alongside salary income, they also earn income from a commercial or industrial activity or from a non-commercial profession, whatever the amount.
Where their combined income from salaries and real estate exceeds EGP 5,000 a year (the exempt bracket under Article 7 of the Law).
Q04How are daily-wage workers taxed on salaries and similar payments?
The Law treats regular and daily-wage workers the same way. Taxable income is determined pro rata for each part of the year in which income was earned, after annualising the monthly income, and both the EGP 5,000 exempt bracket under Article 7 and the EGP 4,000 personal allowance under Article 13(1) apply.