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The work clarifies the mechanism of tax deduction and guarantee of workers' salaries

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The work clarifies the mechanism of tax deduction and guarantee of workers' salaries Empty The work clarifies the mechanism of tax deduction and guarantee of workers' salaries

Post by rocky on Thu 18 Jul 2019, 6:36 am

The work clarifies the mechanism of tax deduction and guarantee of workers' salaries
Thursday 18 July 2019 :



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The Ministry of Labor and Social Affairs on Thursday issued a clarification on income tax and security deductions from workers' salaries. 

"The income tax deductions from the salaries and incomes of workers in the private, mixed and cooperative sectors are within the jurisdiction of the General Authority for Taxation of the Ministry of Finance in accordance with the provisions of the Income Tax Law No. 113 of 1982," said the director of the ministry's media and communications department, In the state budget. " 

He added that "the workers of the mixed sector are subject to the provisions of the law of retirement and social security No. 39 of 1971 and deducted from them the proportion of contributions provided by law, amounting to 5% of the salary subject to the guarantee," explaining that "these deductions fall within the pension fund and ensure the workers and not only for the purposes of application The law of security, which entails the granting of pension rights to workers in the private sector and mixed and cooperative.

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