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اليوم السابع
House OKs stamp duty on stocks
The House of Representatives approved an amendment to the Stamp Duty Law to impose a proportional tax of 0.5 per thousand on all securities trading on the Egyptian Exchange, whether Egyptian or foreign, with the tax burden shared between the seller and the buyer. The tax has also been reduced to 0.25 per thousand for transactions conducted on the same day. The aim of the amendments is to simplify the tax system, enhance transparency and tax fairness, achieve uniform tax treatment for all market participants, and exempt market maker operations from the tax.
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