Taxes2 min read

Tax Exempt

Investment returns that carry zero withholding tax — you keep 100% of the stated yield.

A tax-exempt return means that no withholding tax is deducted from your investment income. In Egypt, certificates of deposit (CDs) and savings accounts at licensed banks are tax-exempt: the stated annual rate is your net rate. There is no further tax deduction at source.

This is a significant advantage: two products with the same headline rate — one tax-exempt and one subject to 20% WHT — have very different real returns. Tax exemption makes the product's gross rate equal to its net rate, simplifying comparison and maximizing the investor's actual take-home return.

Key facts

Tax-exempt products in Egypt: CDs and savings accounts
The stated rate = the net rate — no deductions
Makes direct yield comparison with T-bills and funds non-trivial — convert to net first
Even a slightly lower tax-exempt rate can beat a higher gross rate once 20% WHT is applied
Tax treatment can change with new legislation — the platform tracks any changes
No additional tax filings required for tax-exempt income

In Egypt

Egyptian bank CDs and savings accounts are exempt from withholding tax under the Egyptian Income Tax Law. This is a deliberate policy to encourage household saving in the banking system. The exemption applies to interest income on personal accounts at licensed Egyptian banks.

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Taxes2 min read

Tax Exempt

Investment returns that carry zero withholding tax — you keep 100% of the stated yield.

Key facts

Tax-exempt products in Egypt: CDs and savings accounts
The stated rate = the net rate — no deductions
Makes direct yield comparison with T-bills and funds non-trivial — convert to net first
Even a slightly lower tax-exempt rate can beat a higher gross rate once 20% WHT is applied
Tax treatment can change with new legislation — the platform tracks any changes
No additional tax filings required for tax-exempt income