Amendments to the income tax law have been referred to President Abdel Fattah El Sisi, said head of the Tax Authority Abdel Men'em Mattar Wednesday.

The amendments include a two-year delay of the Capital Gains Tax (CGT) law, Mattar said.

The amended law also sets the income tax at a maximum of 22.5 percent instead of 25 percent, he added.

Mattar made it clear that the CGT calculated until May 17 - when the law was suspended - will be collected.

Asked about taxes on free trade zones, Mattar said it will be set at 10 percent by a specific law.