August 24, 2020
Last week, the Egyptian Cabinet approved a new law to address the economic repercussions of the COVID-19 virus. This law no. 170 states that all organizations are required to contribute to the country’s economy by deducting and remitting 1% of the salaries of all employees, effective August 1, 2020, for a 12-month period. Net salaries of less than EGP 2,000 are exempt from this requirement.
In compliance with the law, the University will begin withholding and remitting 1% from the August payroll through July 2021 for all those who work in Egypt.
Please stay safe and continue to monitor the latest updates from AUC through emails or the coronavirus website.
Senior AVP for HR