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Egypt Rethinks Tax On Stock Market Gains

by Lorys Charalambous, Tax-News.com, Cyprus

19 May 2015


Egypt's Government has delayed for two years the implementation of its controversial tax on stock market gains, which was having an adverse effect on trading.

The 10 percent capital gains tax was approved by the Government in July 2014 and introduced last month. However, the levy's legality was challenged by investors and persistent issues have arisen since its introduction.

The announcement of its repeal led to an immediate boost in share prices on the Egyptian bourse. A 10 percent levy on stock dividends, introduced at the same time, will remain.

TAGS: capital gains tax (CGT) | tax | investment | business | commerce | banking | capital markets | equity investment | venture capital | stock exchanges | Egypt | dividends | business investment

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