How much money can I send abroad each year to Egypt without being taxed? (Note: the money to be sent has already been taxed by income tax.)
For example, when searching online I found for NRI -> India
If you are an NRI, and wish to send money to India for purchasing property, you can send up to US$14,000 per person per year tax-free. For any amount that exceeds this limit, U.S. taxes will apply. Apart from this, there is no limit on the amount of money that can be sent abroad from the U.S. If you have paid the tax on the money you are sending, you do not need to pay tax again in India (according to Double Taxation Treaty between U.S & India). The recipient will be liable for paying taxes on the money received as income.
I'm looking for a similar statement but with respect for sending money from the UK to Egypt. All I found is:
The Double Taxation Convention entered into force on 23 August 1980.
The convention become effective in Egypt from 1 January 1977 and in the UK from:
1 April 1977 for Corporation Tax 6 April 1977 for Income Tax and Capital Gains Tax