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المصري اليوم
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Second tax incentive package aims to boost stock market
The Egyptian Tax Authority clarified that the second package of tax incentives aims to stimulate the stock market and attract investments by simplifying the tax system and easing procedures for trading on the stock exchange. The amendments included setting a stamp duty tax rate of 0.5 per thousand on both the seller and the buyer, with a reduction to 0.25 per thousand when selling on the same day as purchase. Additionally, more equitable mechanisms were introduced for calculating the cost of stocks held for more than three years. The amendments also addressed the issue of double taxation since 2014, in order to increase the market's attractiveness and promote economic growth.
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