QNB Al Ahli is a default account for Egyptian professionals with Gulf clients or employers. Pull every inbound payment into a clean Excel — FX-converted to EGP at the bank's applied rate.
Convert your QNB Al Ahli statementEgypt has a large and growing freelance workforce, particularly among software developers, designers, and consultants serving Gulf and European clients. QNB Al Ahli — part of the QNB Group with deep regional presence — is often the chosen account because of the easier inbound transfer experience from Qatar and other Gulf states. Salary remittances from Egyptian expatriates back to family in Egypt also flow through QNB Al Ahli at scale.
Egypt applies progressive personal income tax up to 27.5%. Registered freelancers file annual returns with the Egyptian Tax Authority (ETA). The bank statement is the primary income evidence. Foreign-currency income converted to EGP by the bank arrives in the credit column already in EGP at the CBE rate; this is the taxable receipt. Separating freelance income from personal transfers and salary credits is the first task — Kashfbank pulls it all into Excel for you to filter.
QNB Al Ahli issues a bilingual Arabic-English PDF with the QNB Group header on page one. Columns: Date, Description, Debit (EGP), Credit (EGP), Balance (EGP). Internet banking and mobile transactions carry 'IB' or 'MOB' channel identifiers. Inbound transfers from outside Egypt arrive converted to EGP at the CBE rate on the value date; the original currency may be referenced in the narration but the credit column shows the EGP figure.
Freelance income from Gulf clients typically arrives as an inbound SWIFT credit with the originator's BIC and beneficiary detail in the description. Egyptian freelancers paid by local clients receive Instapay person-to-person credits or domestic wire transfers. POS purchases at VAT-registered merchants — for business expenses — appear with the merchant name and 'POS' tag. The statement mixes all of these; the Excel export makes them filterable.
Egypt's ETA wants total income by source. The QNB Al Ahli statement supplies the income side and any tax payments routed through the account. Foreign-currency income converted to EGP is already in EGP in the credit column.
Bilingual Arabic-English PDF. Columns: date, description, debit (EGP), credit (EGP), balance (EGP). Account header shows QNB Group branding, Egyptian bank name, IBAN, account type, branch, and statement period. Online and mobile banking transactions have channel identifiers in the narration ('IB', 'MOB'). Multi-product accounts may generate multi-page statements with section dividers per product type.
| Label | Meaning |
|---|---|
| IB Transfer | Transfer executed via QNB Al Ahli internet banking |
| MOB Transfer | Transfer executed via QNB Al Ahli mobile app |
| POS | Point-of-sale purchase |
| Time Deposit | Fixed deposit placement or maturity credit |
| Salary | Monthly salary credit |
Egypt's large informal freelance sector means many transactions are cash or Vodafone Cash; bank statements will show only the formal income that flows through the account, requiring supplementary records for full disclosure.
Pull the period from QNB Al Ahli Mobile
Open QNB Al Ahli Mobile or internet banking and request the period your accountant needs — typically 12 months for the annual ETA return. The bilingual AR+EN PDF is read natively by Kashfbank.
Upload your QNB Al Ahli PDF
Drop it into Kashfbank. The Excel export includes Date, Description, Debit, Credit, Balance, Category, and Currency columns. EGP figures are preserved at the transaction-date value the bank applied.
Filter to freelance income only
Sort by Category to keep inbound SWIFT and Instapay rows. Drop standing orders, ATM withdrawals, POS purchases, and any salary credits if you also hold a job. What remains is your gross freelance income in EGP for the period.
Send to your accountant for the ETA filing
Egyptian freelancers file under the personal income tax framework with the ETA. Share the Excel and the original PDF. Your accountant adds VAT considerations if you cross the registration threshold and reconciles invoice records against the statement income.
Common challenges
I receive USD wires from Gulf clients. Does QNB Al Ahli show the original USD figure?
The narration may reference the original USD amount; the credit column shows the EGP-converted figure at the CBE rate on the value date the bank applied. For ETA filing the EGP figure in the credit column is what matters. If you want to reconcile USD invoices against the EGP credit, the value-date rate is what the bank used; the Excel export keeps both pieces of information where the PDF holds them.
My QNB Al Ahli statement spans the EGP devaluations. Does that distort the income picture?
Each transaction is at its transaction-date EGP value. Post-2022 devaluations mean older receipts look smaller in nominal EGP than newer ones for the same USD invoice, but for the ETA filing what matters is the transaction-date EGP — that is the taxable receipt at the time. Kashfbank preserves the original figures.
Are Gulf remittances treated as freelance income or as something else?
It depends on whether they are payments for services rendered (freelance income) or family support transfers (not income). The QNB Al Ahli narration usually carries the originator's name and any reference; freelance payments are recognisable by the client's name or company. Family remittances are recognisable by the family member's name. Categorise in the Excel before sending to the ETA.
Does the export handle the 'IB' and 'MOB' channel identifiers?
Yes. Channel codes in the narration are preserved in the Description column. They are useful for reconciliation — IB transfers typically show fuller beneficiary detail than MOB transfers — and for distinguishing transactions you initiated from any anomalous activity.
Tax Preparation
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Mortgage Applications
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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