Translation of Law No. 154 of 2026
Translation of Law No. 154 of 2026 on transferring a percentage of net profits from state-owned companies to the State Public Treasury.
The Translation of Law No. 154 of 2026 provides an English-language reference to the legal provisions governing the transfer of a percentage of net distributable profits from companies owned by the State or public legal entities to the State Public Treasury in Egypt. The law establishes specific financial obligations for wholly state-owned companies and companies in which the State or public legal entities hold a majority ownership interest, with the objective of supporting public treasury resources.
The English Version of Transferring a Percentage of Net Profits from State-Owned Companies to the State Public Treasury Law outlines the applicable contribution rates, calculation methods, and payment deadlines. Under the law, companies wholly owned by the State or public legal entities must allocate 5% of their net distributable profits, while companies with state or public ownership exceeding 50% must allocate 4%, subject to the conditions and limitations specified in the legislation. These amounts are calculated after covering accumulated losses and before allocating reserves, and must be transferred to the State Public Treasury within four months following the end of the financial year.
Additionally, the Translation of Law No. 154 of 2026 addresses temporary exemptions that may be granted for social or economic reasons in the public interest, pursuant to a decision by the Council of Ministers upon a proposal from the Minister of Finance. The law also establishes its entry into force on the day following publication in the Official Gazette.
The English Version of Transferring a Percentage of Net Profits from State-Owned Companies to the State Public Treasury Law serves as a useful reference for legal professionals, financial advisers, corporate executives, and other stakeholders seeking to understand the financial obligations and regulatory requirements introduced under Law No. 154 of 2026.
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