Parliament Planning Committee reviews budgets for four governorates

The Financial Committee of the House of Representatives focused on discussing the draft budget for the Ministry of Local Development and the governorates of Cairo, Sohag, Alexandria, and Daqahlia for the fiscal year 2026/2027, with some officials absent. The committee is also examining a proposed amendment to the Stamp Tax Law to abolish capital gains tax on securities transactions for local investors and replace it with a stamp duty of 0.5 per thousand on all parties involved in the transactions, aiming to improve the tax system and stimulate investment.

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