OUR SERVICES IN DETAILS

We know that value and trust are also the ingredients of a quality relationship — and that they are earned over more than a single engagement.

No matter how big you are and in what industries or sectors you do business, we can help you work smarter and reach your goals.

Have a look at the services we offer, below. And let’s talk.

Consulting

Innovation, transformation and leadership occur in many ways. At SP, our ability to help solve clients’ most complex issues is distinct.

We deliver strategy and implementation, from a business and technology view, to help you lead in the markets where you compete.

Risk Management

Risk management is not the responsibility of a single department, it is the responsibility of everyone, from the chief executive down. Past corporate failings have been attributed to lack of accountability, strategy and transparency.

Fortify your business. SP professionals provide the experience to help companies stay on track and deal with risks that could unhinge their business survival.

Audit

The increase in demand for reliable financial information has put audit and assurance services in the spotlight.

With more and more changes to financial regulations occurring, audit remains an important process to ensure trust and maintain ethical standards.

For that SP provides Assurance, Financial statement audit, Audit data and Analytics audit.

Taxation Services

To help you seize tax opportunities and avoid pitfalls, SP’s Tax professionals have deep technical knowledge and practical experience you can trust. Comprised of a network of professionals and in specialized areas of taxation, teams provide advice to help clients manage the complexities of multiple tax systems.

Corporate Income Tax

Corporate tax is imposed on the annual taxable net profit. The taxable net profit is determined based on the net profit of audited financial reports after making certain adjustments as per the income tax law. Taxpayers are required to file annual corporate income tax returns that should be signed by a local external tax advisor. Tax returns under Egyptian tax law are a self-assessment. Accordingly, any understatement of tax liabilities in the tax return may result in the imposition of penalties.

Salary Tax

Under Egyptian Tax Law, it is the employer’s responsibility to withhold the salary tax due on each employee and remit the tax to the Tax Authority on a monthly basis within fifteen days following the month of payment.

Withholding Tax On Domestic Transactions

The withholding tax would apply to payments in excess of EGP300.
The rates as at 2005 are 2 percent on services; 0.5 percent on supplies and contracting activities; and 5 percent on commissions and brokerage fees.
Entities that are required to withhold tax under the existing tax law need to apply the above rules to file a quarterly withholding tax form within one month, following the end of each quarter, and remit the tax along with the tax form.

Withholding Tax On Cross-Border Transactions

As at 2009 a withholding tax of 20 percent is imposed on the following payments made to overseas parties by resident sole proprietorships, partnerships and companies:

Royalties
Interest
Services fees

However, the tax treaty provisions may apply. Meanwhile, the treaty country resident recipient may apply for a tax refund for the difference between local rate and the treaty rate from the tax authority, after providing the necessary documents and following the procedures.

Stamp Tax

Stamp tax law classifies the stamp taxes into physical and proportional taxes. The physical stamp taxes are imposed on a variety of documents such as contracts. The proportional stamp taxes are imposed on the values of certain transactions, e.g. advertisements at a tax rate of 20 percent.

VAT

The government of Egypt has released the VAT Law on 7 September 2016 and enacted it as of the following day of being published in the official Gazette i.e. on 8 September 2016. VAT is to be levied on all commodities and services including the local or imported commodities and services listed in the table attached to the tax law in all its circulated stages.

Property Tax

Property tax is imposed on all buildings in Egypt. Tax is borne by the owner, either a person or a corporate body.
As at 2008 the tax rate is 10 percent on the annual rental value of the taxable buildings after the deduction of 32 percent (30 percent for residential units) allowed for maintenance.
The tax is due from 1 July 2013, and needs to be collected in two equal instalments (at the end of June and the end of December in the same year).
Taxpayers are required to file a tax return; failure to do so will result in a penalty for the taxpayer.

Standard Social Insurance

Contracting Social Insurance

Contractors working in Egypt should notify the social insurance authority with its contracts and pay the related social insurance contributions due on these contracts.
The contributions due will be determined according to the total value of the contract and the nature of work; there are rates specified for most types of work.

Advisory

Growth and change are two realities that no business can afford to ignore. Sustainable strategies that help your business innovate and grow while reducing costs and leveraging talent are just as essential as having the agility and creativity to respond to rapidly changing environments.

SP Advisory professionals work with you to cut through the complexity of today’s rapidly changing marketplace, to develop practical recommendations designed to help you work smarter, grow faster and compete stronger.

Services