Banque Misr serves pensioners, civil servants, SMEs, and government-affiliated entities. Pull the statement into Excel and your accountant has every line ready for the ETA return.
Convert your Banque Misr statementBanque Misr's customer base is broader and more diverse than any private Egyptian bank. Statements carry pension credits, state salary deposits, SME revenue, agricultural cooperative flows, and the bank's own Islamic-subsidiary movements. The tax treatment varies for each — pension income is taxed differently from salary, interest income has 20% withholding, and SME revenue feeds the 22.5% corporate tax base.
Egypt's tax rules require all of this to be sorted: 14% VAT, 22.5% corporate income tax, progressive personal income tax up to 25%, and 20% interest withholding deducted at source. A converted Banque Misr statement lets your accountant filter by description and complete the return without re-keying three hundred Arabic rows by hand.
Arabic-first narration with English on column headers. Salary as "مرتب". Pension as "معاش". Interest as "فائدة دائنة" — already net of 20% withholding. Loan installments as "قسط قرض". Internal transfers as "تحويل داخلي". Cash deposits as "إيداع نقدي". The pattern is stable, which makes filtering reliable.
Post-2022 EGP devaluation periods produced wide balance swings on Banque Misr statements. Don't read large EGP increases on FX-linked rows as income — they're conversion effects. Kashfbank preserves the original transaction-date amount on every row.
Match Banque Misr's narration patterns to lines on the ETA's tax forms. The Arabic labels are stable across customer types.
Arabic-first bilingual PDF. Primary column labels in Arabic with English equivalents. Columns: serial number, date, description (Arabic), debit (EGP), credit (EGP), balance (EGP). Common Arabic labels: 'إيداع نقدي' (cash deposit), 'سحب ATM', 'تحويل داخلي', 'قسط قرض'. Account header shows account number, branch name, and statement period in both Arabic and English. Banque Misr statements from 2022 onward may have wide balance swings due to EGP devaluations.
| Label | Meaning |
|---|---|
| إيداع نقدي | Cash deposit |
| سحب ATM | ATM cash withdrawal |
| تحويل داخلي | Internal transfer between Banque Misr accounts |
| قسط قرض | Loan instalment deduction |
| مرتب | Salary credit |
Egyptian corporate tax at 22.5% requires quarterly advance payments; converted statements showing quarterly income help CPAs calculate accurate installment amounts to avoid penalties.
Pull the filing period from BM Online
Egyptian personal returns cover Jan–Dec. Request a Banque Misr statement covering your full filing period. Download from BM Online or request a branch copy if needed.
Upload and review Arabic narration
Drop the PDF in. Kashfbank reads the Arabic narration natively. Each row keeps its original label, so categorisation matches the source.
Categorise by ETA form line
Salary lines ("مرتب") for the income section. Pension ("معاش") separately with its tax treatment. Interest ("فائدة دائنة") with gross-up. ETA outbound payments as pre-paid tax credit.
Hand off to your accountant
Share the CSV with a note on pension treatment and any interest gross-ups. Egyptian tax accountants are familiar with Banque Misr's narration and will complete the return faster from structured data.
Common challenges
How is pension income taxed differently from salary on the ETA return?
State pensions receive specific allowances under Egyptian personal income tax rules — generally lower effective tax than equivalent salary income. Your accountant treats the "معاش" credit line on a different schedule from "مرتب". The converted statement keeps each clearly labelled.
Does Banque Misr show the 20% interest withholding on the statement?
Banque Misr credits interest net of withholding — the 20% is deducted at source. To report gross interest on the ETA return, divide the credited amount by 0.80. Kashfbank preserves the net figure exactly as printed; the gross-up is a manual calculation.
I have a Banque Misr Islamic-subsidiary account. Are those entries different?
Banque Misr Islamic uses Murabaha and other Sharia-compliant terms instead of conventional "فائدة". Kashfbank preserves the original labels on each row, so your accountant can apply the right tax treatment without guessing.
My statement spans the March 2024 EGP devaluation. How does that affect the return?
Each transaction stays at its transaction-date value on the statement. The ETA looks at amounts at the time each entry occurred, not at a year-end exchange rate. Kashfbank preserves the original transaction-date EGP figure on every row.
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Regulator: Central Bank of Egypt (CBE)
Fiscal year: Jul 1 – Jun 30 (government); Jan–Dec (private sector)
Full country guide →Statement language: Arabic / English