House Approves Universal Health Insurance Law Amendments
Solidarity contributions will be collected alongside income tax returns under the new law.
Egypt's House of Representatives has approved amendments to the Universal Health Insurance Law that classify solidarity contributions as tax revenue to be assessed and collected annually by the Egyptian Tax Authority alongside income tax returns.
Under the amendments, proceeds from the solidarity contributions will first be transferred to the state treasury. The government will then be required to automatically allocate an equivalent amount to the Universal Health Insurance Authority to support financing of the universal health insurance system.
The legislation also provides that solidarity contributions may be treated as a deductible business expense for income tax purposes.
The Minister of Finance, in coordination with the Universal Health Insurance Authority, is required to issue the executive decisions needed to implement the amendments within 60 days of the law entering into force.
The House of Representatives approved the changes during the same parliamentary session that passed a separate package of income tax amendments, after the health insurance provisions were extracted from that bill and considered independently.
