20 Hrs
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بوابة أخبار اليوم
Tax Expert Clarifies Stamp Duty Changes
It has been announced that the Tax Authority has replaced the capital gains tax, which was levied at a rate of 10% on the difference between the sale price and the acquisition cost, with a proportional stamp duty that has now been unified at 0.5 per thousand for both the seller and the buyer, whether they are residents or non-residents. Additionally, the tax treatment for secondary transactions (same-day sales) has been amended to be subject to a tax rate of 0.25 per thousand. The Advisor noted that market makers are exempt from this tax to support trading activity in the Egyptian market.
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