The Egyptian Tax Authority wants gross income, deductible expenses, and tax already paid — all visible in your CIB statement. Pull it into Excel in seconds.
Convert your CIB statementCIB is the bank of choice for Egypt's upper-middle-class professionals, multinational employees, and growing companies. Statements carry a mix of EGP salary credits, USD inbound wires, POS spend at VAT-registered merchants, and quarterly corporate tax debits. The Egyptian Tax Authority (ETA) wants all of it categorised.
Egypt's tax rules are layered: 14% VAT on most goods and services, 22.5% flat corporate income tax, progressive personal income tax up to 25%, and 20% withholding on savings interest deducted at source. A converted CIB statement lets you separate gross income, deductible expenses, VAT-inclusive spend, and pre-paid tax in one Excel pass.
CIB statements use bilingual labels: Arabic-dominant in the description column with English equivalents where applicable. Salary appears as "Salary" or "راتب". POS spend appears as "POS مشتريات" with the merchant name. Corporate tax payments to the ETA appear as outbound transfers to ETA accounts. Interest on savings is credited net of 20% withholding.
Post-2022 EGP devaluations created statements where USD-denominated transactions look enormous in EGP terms. Don't read these as windfalls — they are FX conversions, not income. Kashfbank tags FX Purchase rows separately so they don't inflate your gross.
Match what the ETA expects on the personal income form, the corporate return, and the VAT return. CIB's statement format makes most lines extractable; FX entries need a second look.
Professionally formatted bilingual PDF (Arabic and English). Clear columns: date, transaction description, debit, credit, EGP balance. Account summary header shows account number, IBAN, statement period, opening/closing balance. Both current account and credit card statement formats are supported. EGP two-decimal formatting. Post-2022 statements may show large balance swings due to EGP devaluations affecting FX-linked entries. Meeza card transactions appear with the Meeza network label.
| Label | Meaning |
|---|---|
| إيداع نقدي | Cash deposit at branch or CDM |
| POS مشتريات | Point-of-sale purchase (card payment at merchant) |
| تحويل ATM | Transfer initiated via ATM |
| Smart Wallet | Mobile wallet transaction (CIB Smart Wallet or Meeza Digital) |
| Salary | Employer salary deposit (WPS or direct 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 right period from CIB Mobile
Egyptian personal returns cover Jan–Dec. Corporate returns may be fiscal or calendar. Request a CIB statement covering your full filing period, including both EGP and USD accounts if you hold both.
Upload and confirm currency tagging
Kashfbank tags each row with its currency. EGP statement rows stay EGP; USD account rows stay USD. No silent FX conversion.
Filter by category for each form
Income lines for the income section. POS مشتريات for the VAT input section. ETA outbound payments for the pre-paid tax credit. Interest with the gross-up calculation.
Hand off to your accountant
Share the CSV with your ETA-registered accountant. The standard column layout (Date, Description, Debit, Credit, Balance, Category) imports cleanly into the tools Egyptian accounting practices use.
Common challenges
Does CIB show the 20% interest withholding on savings?
CIB credits interest net of withholding — the 20% is deducted at source. To report gross interest, divide the credited amount by 0.80. Kashfbank preserves the net figure exactly as printed; the gross-up is a manual calculation.
My CIB statement spans the March 2024 EGP devaluation. How does that affect the return?
Each transaction stays at its transaction-date value. 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.
Can the CSV import directly into Egyptian accounting software?
Locally developed tools like Bisan and MS Dynamics, plus QuickBooks for international clients, accept the standard CSV column layout. Some require small adjustments (date format, debit/credit sign conventions) which most accountants do in under a minute.
I pay quarterly corporate tax advances. Can I see those on the statement?
Yes. Quarterly advance payments to the ETA appear as outbound transfers with ETA as the beneficiary. Filter the Description column for ETA or the relevant payment reference to surface them.
Freelancers
Extract, categorize, and export freelance income and expenses from PDF bank statements — ready for 1099, self-assessment, or ZATCA filings.
Loan Applications
Prepare clean, lender-ready bank statement exports that prove stable income and responsible financial behavior for personal and business loan applications.
Mortgage Applications
Prepare 6–12 months of verified, structured bank statement data for mortgage underwriting — covering down payment seasoning, income stability, and GCC real estate requirements.
Upload PDF, get Excel in seconds
Try it free10 free credits on signup
Regulator: Central Bank of Egypt (CBE)
Fiscal year: Jul 1 – Jun 30 (government); Jan–Dec (private sector)
Full country guide →Statement language: Arabic / English