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FinancialNews


  • 10-07-19

    Stamp tax on Egyptian Bourse to be fixed

    (MENAFN) Egypt was declared to be restricting its taxes on Bourse transactions following the approval of the parliament's Budget and Planning Committee has.

    Until the conclusion of the renovation of the market's tax system, the stamp tax on the stock exchange dealings will be set at 1.5 per thousand.

    Chairman of the Egyptian Stock Exchange (EGX) Mohamed Farid stated: "this step is only the first within the system of tax restructuring applied to stock exchange transactions."

    According to the official, "a tripartite committee, constituting of the Ministry of Finance, the Bourse and the Egyptian Capital Market Association (ECMA), has been working on the restructuring process."

    MENAFN1007201900450000ID1098740647

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