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بوابة الشروق
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Tax Relief Aims to Boost Trust and Listings
The Egyptian Tax Authority announced that the second package of tax incentives aims to attract investments, build trust within the business community, and increase the number of companies listed on the stock exchange. The measures include exempting capital gains from the sale of securities from taxation, replacing it with a low proportional stamp duty of 0.5 per thousand (reduced to 0.25 per thousand if the transaction is completed on the same day). The package also offers a 15% tax deduction for three years, on the condition that the company's capital is at least 50 billion Egyptian pounds and that 20% of its shares are offered to the public with a value of 10 billion Egyptian pounds, with the requirement that this benefit cannot be combined with any other tax advantages. The aim is to boost trading activity and stimulate liquidity in the financial market, with expectations that it will help attract both local and foreign capital.
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